GreenTech Marks Start Of Output With Clinton Visit

By Jeff Amy

Former President Bill Clinton, left, and GreenTech Automotive chairman Terry McAuliffe welcome one of the company's new vehicles during the unveiling of their new electric MyCar line at their manufacturing facility in Horn Lake, Miss., Friday, July 5, 2012. (AP Photo/Rogelio V. Solis)

HORN LAKE, Miss. (AP) – GreenTech Automotive marked the start of production at its plant in Horn Lake with a visit from former President Bill Clinton and says it hopes to make 10,000 of its small electric vehicles in the coming year.

Former Democratic National Committee chief Terry McAuliffe is chairman of the company building the two-seater MyCar, a neighborhood electric vehicle, in a former elevator factory in the southern suburbs of Memphis, Tenn.

Neighborhood electric vehicles, a cross between a golf cart and a full-sized vehicle, are limited to streets with speed limits of 35 mph and below in the United States. It will cost $18,000 and the top-of-the-line model is supposed to go up to 95 miles on a single charge.

The company plans to sell a year’s output to a Danish firm and will also sell some to Domino’s Pizza franchisees and other U.S. vehicle fleet operators.

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