Green Automotive Company Restructures Management; Refocuses On Newport Coachworks
PR Newswire - Mon Nov 10, 5:10PM CST
Green Automotive Company (GACR.OTC) announced that it has appointed Carter Read as its Interim President and Secretary, and Alan Bailey as its Chief Financial Officer. The appointments of Mr. Read and Mr. Bailey follow the Company's winding up of its European subsidiaries and operations earlier this year and signal the Company's focus on the operations of Newport Coachworks, Inc. With the winding up of the Company's overseas operations, Mr. Ian G. Hobday resigned as the Company's Chief Executive Officer, Chief Financial Officer and Secretary, effective October 8, 2014. Mr. Hobday also resigned from his position on the Company's Board of Directors.
Green Automotive Company Expands Its Production Facilities
Business Wire - Thu Sep 25, 7:01AM CDT
Green Automotive Company (OTCQB: GACR) announced today that its core activity, Newport Coachworks, is expanding its production facility in Riverside, California, in order to meet the increasing demand from customers for its high quality shuttle buses.
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?
PLUG: 3.72 (-0.34)
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.
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.
IPG: 19.44 (+0.03), DB: 29.89 (+0.16)
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.
CBT: 46.03 (-0.91)
Green Automotive Company's Ian Hobday to Deliver Keynote Address at 2013 Electric & Hybrid Vehicle Technology Expo
Business Wire - Wed Aug 28, 10:00AM CDT
Green Automotive Company (OTC: GACR) today announced that Director Ian Hobday will be delivering a keynote address at the 2013 Electric & Hybrid Vehicle Technology Expo on Wednesday, September 18th. Hobday will be providing the opening panel presentation, Lightweight Electric Commercial Vehicles: The Strongest Potential for EV Adoption, which will highlight the company's successful experiences with increasing EV adoption throughout the European market and detail its plans to launch an American-made electric shuttle bus for the U.S. market this November.
Full Bus Production Under Way at Green Automotive Subsidiary
Business Wire - Wed Aug 21, 10:01AM CDT
All tooling for the manufacture of four different shuttle bus models has been completed in record time by Green Automotive Company's (OTC:GACR) subsidiary Newport Coachworks, Inc. (NCI) and full production is underway. These shuttle buses are part of a 432 bus order from Don Brown Bus Sales, one of North America's leading bus distributors. Completion of the full order is scheduled over the next two years from NCI's Riverside, California facility. In making the announcement, Carter Read, President of Newport Coachworks, said: "Our team worked 24/7 to reach this major milestone, in a record six months. It ensures that we will be delivering the finest quality shuttle buses available in the market today to Don Brown. Thanks to our internal development program and the close collaboration of our American suppliers, we have found new ways to significantly increase performance of existing technology delivering very unique products of superior quality, designed to fully satisfy our customer's needs."
Newport Coachworks Delivers Its First All-American Freedom 40' Bus
Business Wire - Wed Jul 24, 6:34AM CDT
Green Automotive Company (www.thegreenautomotivecompany.com) (OTC:GACR) announced that its subsidiary, Newport Coachworks Inc., has delivered its first highly innovative, All-American Freedom 40' bus to its customer Don Brown Bus Sales Inc. on the 17/06/13.
Green Automotive Acquires Interest in Electric Bike Company
Business Wire - Thu May 16, 10:45AM CDT
Green Automotive Company (www.thegreenautomotivecompany.com) (OTC:GACR) has acquired a 30% stake in Powabyke EV Ltd, a UK based Electric Bike business, from Metroelectric PLC.
Over a Hundred Visitors at Green Automotive's Open Day
Business Wire - Tue May 14, 9:00AM CDT
Green Automotive Company (www.thegreenautomotivecompany.com) (OTC:GACR) organized its first Open Day on the 4th of May to present its new Newport Coachworks manufacturing facility in Riverside, California. Over a 100 shareholders, customers, potential investors and journalists joined the company to view the first buses to roll off the production line and to share the tremendous progress the company achieved over the past few months.