Plans to build electric cars in 3 states stall

June 5, 2011 - 11:14 AM

HONOLULU (AP) — Korean electric car company CT&T made a splash in three states when it rolled shiny, tiny vehicles off big rigs and announced with smiling governors that it would hire hundreds of Americans to build them in new factories.

But those plans have stalled in Hawaii, Pennsylvania and South Carolina without anyone hired, any plants constructed or any electric cars assembled.

The South Korean electric car and golf cart manufacturer has apparently abandoned its pledge to the three states — without notice — and deserted its new U.S. markets amid financial difficulties, The Associated Press has learned.

James Park, vice president for the company's American subsidiary, CT&T United, said the company is trying to raise money to build in Hawaii and South Carolina, but it's abandoning plans for facilities in Pennsylvania.