Thursday, September 24, 2009

Man behind hybrid plan rose and fell in China - al.com

Man behind hybrid plan rose and fell in China - al.com: "He was one of the top auto executives in China, negotiating a venture with German automaker BMW, before he was charged with economic crimes and fled the country.

Now, 52-year-old Benjamin Yeung, known in China as Yang Rong, is the driving force behind an apparent plan to build a hybrid vehicle plant near Bay Minette.

Yeung has a dynamic but contentious business history, and the scale of his proposed American venture has raised eyebrows among U.S. analysts, in part because the plant's financing will rely, at least in part, on overseas investors who want legal entry into the U.S."