Posted on 08/12/2013 12:30:21 PM PDT by neverdem
This article was originally published by watchdog.org.
WASHINGTON – Car and Driver magazine, which generally steers clear of politics, doesn’t like what it sees under the hood of Terry McAuliffe’s GreenTech Automotive.
“Investors looking to score on the next Tesla Motors should start slapping themselves back to reality,” the magazine stated this week.
The article lists a long line of electric-car companies that are “either dead or barely standing, fettered with poor management, little cash and exaggerated promises.”
“Next up, according to our battery-powered crystal ball: GreenTech Automotive,” the magazine predicted.
Representatives of GTA did not return requests for comment.
McAuliffe, making his second bid for governor of Virginia, stepped down as company chairman in December. That resignation was not announced until April, three days before GreenTech sued Watchdog.org for $85 million, alleging that its news coverage defamed the company and damaged investor relations.
“GreenTech’s true salvation is a retrofitted electric sedan built by JAC, a Chinese automaker best known for cloning the Ford F-150,” Car and Driver stated.
But citing a U.S. Securities and Exchange Commission investigation of GreenTech and sister company Gulf Coast Funds Management, the magazine suggested that GTA, of which McAuliffe remains a part owner, could be in for a rough ride.
“It’s not every day you see Car and Driver weigh in on the Virginia gubernatorial race,” noted Jahan Wilcox, a spokesman for the state Republican Party.
“There’s a good chance Terry McAuliffe will not be named Auto Executive of the Year,” Wilcox said.
Kenric Ward is chief of Watchdog.org’s Virginia Bureau. Contact him at kenric@watchdogvirginia.org
Terry McAuliffe’s GreenTech Automotive ping
Interesting coincidence:
GreenTech Auto - GTA - Grand Theft Auto.
Thank you, Car & Driver.
Terry McAuliffe should be stood against a stone wall, and executed for treason, with 200-300 other POSs.
Waste of a good stone wall
a tree will do just fine, and is a renewable resource
Agreed; let’s use a tree.
–Car and Driver magazine, which generally steers clear of politic-
Wait. WHAT?!
Have they changed? Back in the day it was tough for me to take what with Brock Yates, Jean Shepard - admitedly one of my idols but from a radio, writing perspective,and others.
IIRC they did an article titled “Why Don’t We Do It In the Road” about ..well ...sexual activities, especially solo...while driving.
The leftist spew got so bad I canceled my subscription optimg for Road & Track, Autoweek and the european mags especialliy the ones with LJK Setright.
Yr fthfl srvnt
P6
Terry McAwful is a smarter investor than Shillary Clinton. She turned a $1,000 investment into $100,000 but Terry McAwful turned $100,000 investment in Global Crossings into $18,000,000 in less than a year and a half.
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