GreenTech on hook for $3 million state loan

Mississippi gives electric auto firm till Nov. 7 to pay loan

Mississippi officials are giving an electric car maker another month to obtain financing in China after the company missed a June payment on its $3 million state loan.

An Aug. 9 letter obtained by The Associated Press through a public records request shows the Mississippi Development Authority has given GreenTech until Nov. 7 to make the $150,000 payment originally due June 30.

WTVA
10/16/16