Saturday, October 17, 2009

Alabama, Mississippi rivals race for hybrid carmaking support - al.com

Alabama, Mississippi rivals race for hybrid carmaking support - al.com: "BAY MINETTE — This time last year, Xiaolin 'Charles' Wang was front man for Chinese-American auto tycoon Yung 'Benjamin' Yeung in working on a proposed $6.5 billion plant that would create jobs for up to 25,000 people in north Mississippi.

The Mississippi Development Authority was offering Hybrid Kinetic Automotive Holdings possible incentives including road-building, job training, tax abatements and reimbursement.

Things quickly went south — literally, in the case of Yeung, who cut ties with his protg and started over in Baldwin County."