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USA: Former President Clinton expected at Horn Lake event to launch electric vehicle

Former President Bill Clinton will come to a Horn Lake manufacturing plant to help GreenTech Automotive unveil its all-electric MyCar, the company announced today.

The neighborhood electric vehicle (NEV) vehicle is like an advanced golf cart, with slower speeds suitable not for highways but for streets with posted speeds of under 35-45 mph, and for gated communities, retirement communities, campuses and other controlled areas.

The vehicle would reportedly sell for about $10,000.

The “unveiling” of the two-seater will be 1 to 3 p.m. July 6 at the former Dover Elevator plant.

GreenTech is temporarily leasing the 375,000-square-foot building until its permanent 300,000-square-foot manufacturing plant is built in Tunica.

The former Democratic president has several ties to GreenTech.

The company’s chairman is Terry McAuliffe, former chairman of the Democratic National Committee.

And Tony Rodham, the brother of Clinton’s wife, Secretary of State Hillary Rodham Clinton, helps lead a financial affiliate of GreenTech, Grand Gulf Funds Management.

GreenTech has a substantial order to supply MyCars to Denmark, and last month, Bill Clinton participated in the Danish launch of MyCar there, according to the GreenTech website.

The company says it expects the manufacturing operation to create 426 direct jobs and support more than 7,400 other jobs by 2014.

By midyear 2011, it employed about 50 and expected to have ramped up to 100 employees by the end of 2011.
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