Green Automotive Company Reports Second Quarter Financial Results
Business Wire - Fri Sep 05, 12:09PM CDT
Green Automotive Company (OTCQB: GACR) today announced financial results for its fiscal 2014 second quarter, ended June 30, 2014. The company posted strong quarterly revenue of $1,575,599 over three times higher than the comparable period 12 months ago ($429,392 for the three months ended June 30, 2013). The growth in the Company's revenue was largely due to the sale of buses from our Newport Coachworks facility in California, which grew from $223,514 during the three months ended June 30, 2013 to $1,090,571 for the three months ended June 30, 2014.
Green Automotive plans to sell electric vehicle business and focus on growth of Newport Coachworks
M2 - Wed Sep 03, 8:59AM CDT
Green Automotive Company (OTCQB:GACR, a provider of niche vehicles that use zero and low emission technologies, reported on Tuesday that under its plan to focus on major growth opportunities led by Newport Coachworks, it will sell the assets of its GoinGreen and LEC2 businesses.
Green Automotive Company Restructures Its Electric Vehicle Business
Business Wire - Tue Sep 02, 9:24AM CDT
As part of the company's plan to focus on its major growth opportunities led by Newport Coachworks, Green Automotive Company (OTCQB: GACR) announced today that it will sell the assets of its GoinGreen and LEC2 businesses to former GoinGreen staff members, led by Clive Southwell, former director of the UK business. At the same time, it will transfer the majority of the knowledge in its electric vehicle technology centre, known as Liberty E-Tech, to a new facility to be opened in Riverside, California, where its main manufacturing business is located. As a consequence, the company will cease its electric vehicle retailing, engineering, development and support operations in the UK. The re-organisation of the UK business will take place as a Creditors Voluntary Liquidation under the U.K.'s Insolvency Act of 1986, Section 98. As a result, all liabilities in the companies will be eliminated, including an outstanding tax payable of $622,697, outstanding trade payables of $689,481 and outstanding lease payments of $40,000.
Green Automotive Company Appoints New Controller and Senior Vice President, Global Corporate Finance
Business Wire - Wed Jul 23, 8:02AM CDT
Green Automotive Company (OTCQB: GACR) has strengthened its management team with the appointment of Donald J. Murray as Controller and Senior Vice President, Global Corporate Finance effective from the 1st July 2014.
Green Automotive Company's Subsidiary GoinGreen Successfully Launches the Brammo Electric Motorbike in the UK
Business Wire - Tue Jul 01, 7:07AM CDT
Green Automotive Company (OTCQB: GACR) announces that its European based subsidiary GoinGreen successfully launched the Brammo electric motorcycle last week in the UK market. Customers and motorcycle journalists were amazed by its incredible performance and attractive design. GoinGreen, who is the exclusive importer for the Brammo bikes, has received over 50 enquiries to test ride the bike as well as several requests from dealers around the UK interested in selling the innovative motorcycles.
Green Automotive Company's Subsidiary Newport Coachworks Raises Big Interest at the GFX Expo in San Diego
Business Wire - Thu Jun 12, 7:00AM CDT
Green Automotive Company (OTCQB: GACR) announces that its Californian based subsidiary Newport Coachworks has generated significant interest for its CNG (Compressed natural gas) and electric shuttle buses at the GFX Expo, the Government Fleet Expo which took place in San Diego early June. The company, which was focusing at the show on low and zero emission transport solutions, presented, for the first time, its range to this market segment. Its recently launched electric shuttle bus, the e-Patriot, has attracted major attention from local municipalities.
Green Automotive Company Files Its Annual Report on Form 10-K for the Year Ended 31st of December 2013
Business Wire - Tue Apr 01, 7:02AM CDT
Green Automotive Company (OTCQB: GACR) reported record annual sales in its Form 10-K for the year ended December 31, 2013 which was filed yesterday with the U.S. Securities and Exchange Commission (SEC).
Green Automotive Company's Californian Subsidiary, Newport Coachworks, is Taking the Industry by Storm with Its New Limobuses
Business Wire - Wed Mar 26, 7:54AM CDT
Green Automotive Company (OTCQB: GACR)'s Californian subsidiary, Newport Coachworks Inc, specializing in the design and production of limousine and shuttle buses ranging in size from 14 to 52 seaters, launched its new limobuses last year. Its vehicles, built to the highest level of quality and finish, are revolutionizing the industry and are driving sales growth to record levels.
Green Automotive Company Teams up with Ol Pejeta Conservancy in Kenya and the Royal College of Art to Create the Electric Safari Vehicle of the Future
Business Wire - Mon Mar 17, 9:00AM CDT
Green Automotive Company (OTCQB: GACR) enters into a partnership with one of the largest wildlife reserves in the world, the Ol Pejeta Conservancy in Kenya and the Royal College of Art in London to create the all electric Safari Vehicle of the Future.
Investors Should Beware of Citron Research, Plug Power
at The Street - Thu Mar 13, 7:56AM CDT
The financial media needs to raise red flags -- on PLUG, on Citron, on everything -- more often. Otherwise, why does it exist?
Green Automotive Company Signs Binding Agreement to Acquire UK Based Parts Remanufacturing Business Transhock Ltd
Business Wire - Tue Mar 04, 7:02AM CST
Green Automotive Company (OTCQB: GACR),today announced that it has signed a binding agreement to buy Transhock Ltd., a well established re-manufacturer and distributor of vehicle parts and accessories based in the West Midlands in the UK, the heart of the UK Automotive Industry. The company reported circa $7m+ of Revenues for the year ended 31st March 2013 (to UK GAAP), and was both profitable and cashflow positive. The transaction will be earnings accretive to GAC and was paid for with $1.8m in equity. For Green Automotive this acquisition presents an opportunity to strengthen its position in the growing market for recycling vehicle parts and in particular to extend, and develop its range of remanufactured parts for electric vehicles, especially in the area of battery technology.
Green Automotive Company's Subsidiary Newport Coachworks Hits Record Sales at the LCT Show in Las Vegas
Business Wire - Mon Feb 24, 6:46AM CST
Green Automotive Company's (OTCQB:GACR) Californian subsidiary Newport Coachworks was one of the major exhibitors at last week's LCT Show, one of the largest shuttle and charter events, where the company presented its shuttle bus range on a 2500 sq. ft. exhibition space. Newport Coachwork's display of innovative and high quality shuttle and limo buses saw over 450 bus operators visit their stand from the US, Canada, France, and a number of other regions: During the show, the company took orders for over $1.6 Mio.
Green Automotive Company Signs Binding Agreement to Acquire Blackhawk Manufacturing Inc. at the LCT Show in Las Vegas
Business Wire - Tue Feb 18, 8:00AM CST
Green Automotive Company (OTCQB: GACR), has signed a binding agreement to buy California and Mexico-based Blackhawk Manufacturing Inc. and its affiliated companies. Blackhawk is one of the foremost manufacturers of specialist composite materials with facilities in Bloomington CA and Tijuana Mexico and is generating sales of circa $5m per annum.
Form 144: Filing to Sell 4244515 Shares of Green Automotive Co Corp (GACR)
Vickers Stock Research - Fri Feb 14, 4:16AM CST
New York, NY - February 14, 2013 - Interpublic Group (NYSE: IPG) senior management will present at the Deutsche Bank 2013 Media, Internet & Telecom Conference on Monday, March 4th, 2013, at 10:50 am Eastern time, as scheduled.
Green Automotive Company's Subsidiary Liberty Electric Cars Launches Its "E-Care" Program in France
Business Wire - Tue Feb 11, 8:00AM CST
Green Automotive Company (OTCQB: GACR), today announced that its UK subsidiary LIBERTY ELECTRIC CARS (www.liberty-ecars.com) has launched its widely acclaimed program for the support of all types of electric vehicles known as Liberty E-Care in France.
Cabot Launches Two New PROPEL(TM) Carbon Black Products for Tire Applications
Business Wire - Tue Feb 11, 2:00AM CST
Cabot Corporation (NYSE: CBT) announced the launch of two new carbon black products for tire tread applications. PROPEL(TM) E7 carbon black is engineered to reduce tire rolling resistance and improve vehicle fuel economy. PROPEL(TM) D11 carbon black is designed to provide a high level of tread durability and is well suited for use in both short-haul truck and off-the-road vehicle tires. Cabot will showcase these new products at Tire Technology Expo 2014, February 11-13, 2014, in Cologne, Germany.
Green Automotive Company CEO Issues Letter to Shareholders
Business Wire - Thu Jan 30, 8:52AM CST
Green Automotive Company (OTCQB: GACR) announces that its Chief Executive Officer, Ian Hobday, sent today the following letter to the shareholders of the Company:
Green Automotive Company Announces the Launch of Its 100% Electric Shuttle Bus in Las Vegas Mid February
Business Wire - Tue Jan 28, 8:45AM CST
Green Automotive Company (OTCQB: GACR), a state-of-the-art niche vehicle design, engineering, manufacturing, and sales company, driving innovation in the use of cutting edge zero and low emission technologies, today announced that its Californian subsidiary Newport Coachworks is planning to launch its 100% electric shuttle bus at the LCT Show in Las Vegas.
Green Automotive Company's Subsidiary GoinGreen Signs Exclusive Distribution Agreement with US Motorcycle Manufacturer
Business Wire - Thu Jan 23, 7:00AM CST
Green Automotive Company (OTCQB: GACR), announced today that its UK subsidiary GoinGreen (www.goingreen.co.uk) has signed an exclusive distribution agreement for the UK market with the American electric motorcycle manufacturer Brammo.
Green Automotive Company Announces That It Will Issue 10 Year Bond
Business Wire - Wed Jan 22, 6:50AM CST
Green Automotive Company (OTCQB: GACR), a state-of-the-art niche vehicle design, engineering, manufacturing, and sales company, driving innovation in the use of cutting edge zero and low emission technologies, today announced that it has retained the services of Securities Compliance Group Ltd in Chicago, Illinois to create a 144A bond for GACR that will be sold to QIBs (qualified institutional buyers). The bond will be sold by several broker dealers globally and will be used in the implementation of Green Automotive's future growth and acquisitions.