Green Automotive Company Announces Initiative to Enhance Net Stockholders Equity
PR Newswire - Mon Dec 15, 6:45PM CST
Green Automotive Company (OTC Pink: GACR) announced today that the Company is planning to implement an initiative to enhance its net stockholders equity.
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.