New Company Still Eying Mississippi Car Plant

By: The Associated Press
By: The Associated Press

A start-up car company says it's moving forward with plans to build a plant in Mississippi that could produce 1 million fuel-efficient vehicles a year.

Discussions about the proposed $6.5 billion plant were revealed when a federal judge unsealed a lawsuit involving two Chinese businessmen who were fighting for control of Hybrid Automotive Corporation.

Hybrid Automotive attorney Bill Brabec said the lawsuit was settled and the plans are moving forward. He says the facility would employ 25,000 people at maximum capacity.

But analysts say questions remain about the viability of such an ambitious plan, the technology that will be used, and exactly how the company will raise so much money.

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