Investor says it never made deal with ZAP cars
LEXINGTON, KENTUCKY - The lending subsidiary of General Electric Co. says it never made a commitment to a company that wants to build an electric car manufacturing plant in Simpson County.
A spokesman for GE Capital said there was no financial commitment made to California-based ZAP or its partner, Integrity Manufacturing of Shepherdsville.
Stephen White says reports that Norwalk, Conn.-based GE Capital had pulled out of the project are false because GE Capital had not made a proposal to fund it.
White told the Lexington Herald-Leader and The Associated Press there was never a signed contract.
Randall Waldman, chief executive officer of Integrity, told the Herald-Leader he thought he had a verbal commitment for $125 million from GE Capital for the project and was later told there would be no funding.
Gov. Steve Beshear said in August the proposed plant would employ 4,000 workers.
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PC Leader Doug Ford vows to fire Hydro One CEO, board if elected
TORONTO - Ontario PC Leader Doug Ford is vowing to fire the head of Hydro One, and its entire board if he's elected premier in June.
Ford made the announcement, calling President and CEO Mayo Schmidt, Premier "Kathleen Wynne's $6-Million dollar man," referring to his yearly salary and bonuses, which now add up to $6.2 million.
"This board and this CEO are laughing themselves to the bank," Ford said.
However, it's unclear how Ford would do that since the province does not control the company anymore.
"We don't have the ability to go out and say we are firing the CEO at Hydro One,"…
