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Green Automotive Company Corporation (GACR)

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Last Post: 4/24/2014 11:06:44 PM - Followers: 33 - Board type: Free - Posts Today: 0



Green Automotive Company, incorporated on November 15, 1996, is a vehicle design, engineering, manufacturing and distribution company. The Company also provides after sales program. It possesses a portfolio of businesses and is active in three main market segments: Cutting edge technology development, engineering and design with a focus on zero and low emission vehicle solutions; Manufacturing and customization of vehicles for markets with the potential to be converted into low emission or electric vehicles, such as shuttle buses, taxis, commercial vehicles, and After sales services for electric or low emission vehicles, including servicing and repair. On December 14, 2012, the Company closed its merger with Matter of Time I Co. As per the merger agreement, Matter of Time I Co. dissolved into and became a part of Green Automotive Company, with Green Automotive Company being the surviving corporation. In April 2014, the Company acquired Blackhawk Manufacturing Inc. and its affiliated companies.

The Company's two divisions servicing the three segments are Liberty Electric Cars Ltd and Newport Coachworks Inc. Liberty Electric Cars Ltd designs and develops EV technologies for use in its own converted vehicles and for sale to original equipment manufacturers (OEM’s) for incorporation into its production. In addition, it provides an aftermarket program for electric vehicle users to ensure the longevity of their vehicles. Newport Coachworks Inc. specializes in building shuttle buses, running on a variety of energy sources from petrol and diesel though to compressed natural gas (CNG).

The Company competes with Zytec, AMPD, Siemens, Tiffany, Krystal, Ford, and General Motors, Cummins and Freightliner.

SOURCE:  http://www.reuters.com/finance/stocks/companyProfile?symbol=GACR.PK


Official Links


WEBSITE:  http://www.thegreenautomotivecompany.com/
SEC FILINGS:  https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1497632
LINKEDIN:  http://www.linkedin.com/company/green-automotive-company
FACEBOOK:  https://www.facebook.com/greenautomotivecompany
TWITTER:  https://twitter.com/gacr_auto
YOUTUBE:  http://www.youtube.com/user/greenautocompany
NEWS RSS:  http://www.thegreenautomotivecompany.com/feed/


Recent Developments

Blackhawk Manufacturing Joins the Green Automotive Company Family - 04/17/2014
GAC's acquisition of Blackhawk has closed, bringing in additional revenues, profit, and also cost savings through economies of scale in vertical production of its buses and livery vehicles.  Points to summarize:

-- $4.25 million in revenue and $407K in profit.
-- Cash flow and profits are accretive to GAC.
-- Acquisition includes Mexico based property, operations, and transport business, as well as California operations.
-- Option to purchase Bloomington, California property for $2 million in combined cash and equity, property being valued at $5.3 million.
-- GAC now has a combined 75 employees in the California operations.


SOURCE:  http://online.wsj.com/article/PR-CO-20140417-908187.html

Newport Coachworks, Inc. Announces New Dealership Network and Electric Bus Pilot - 04/09/2014
Chauffeur Driven published an article focusing on Newport Coachwork's year to date developments, the expansion of a new sales distribution channel, and an update on the e-Patriot pilot program.

-- New distributor, Midwest Transit Equipment, will service the Midwest and Western sales region.
-- Don Brown Bus Sales will continue to service the East sales region.
-- e-Patriot is being tested by Bell Transportation of Las Vegas.
-- Several dozens of e-Patriot orders have been committed for delivery in Q4 2014 (estimated sales volume of $5,400,000-$6,120,000).
-- Moonlight Coachworks alliance for manufacturing interiors.


SOURCE:  http://www.chauffeurdriven.com/resources/feature-stories/204-newport-electrifies-the-bus-market.html

Green Automotive Provides Guidance on Its 2014 Forecast for Shareholders and Investors - 04/03/2014
This first guidance from the management of Green Automotive Company (OTCQB: GACR) for analysts, shareholders and investors builds on the results posted in our 10-K for full year 2013 filed on the 31(st) March 2014 in which we saw a nearly 10 fold rise in revenue over 2012.

-- Forecast $13.8 million in revenue and break even performance for 2014* (compared to $13 million for 2013).
-- Newport Coachworks Inc. output expected to increase from 2 buses per week to 4.
-- Exports to Middle East, India, and China.
-- GoinGreen retail outlet opening in U.S. this year.
-- Regularly quarterly updates moving forward.


* contingent on recent acquisitions of Blackhawk Manufacturing Inc. and Transhock Ltd.

 Ian Hobday, CEO of Green Automotive: "I believe the revenue growth we achieved in 2013, together with the acquisitions we have made, provide us with a great platform to build on. We will continue to execute our Global Business Plan going forward; integrating Blackhawk and Transhock; generating further synergies and reducing back office costs, whilst continuing grow through the acquisition of new customers."

SOURCE:  http://online.wsj.com/article/PR-CO-20140403-909523.html

Green Automotive Company Files Its Annual Report on Form 10-K for the Year Ended 31(st) of December 2013 - 04/01/2014
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).

These are the main highlights of the 10-K Form:

   -- Revenue reached record $3,025,850, nearly 10 fold increase year over year.
   -- Revenue increased quarterly:  1Q13 $218k, 2Q13 $429k, 3Q13 $1m, 4Q13 $1.4m.
   -- Overall loss was over $16m, but adjusted for non cash items, operating loss was $2.4m.
   -- R&D spending in Newport Coachworks was circa 100k in 2013, and in Liberty Electric Cars, circa $454k.

SOURCE:  http://online.wsj.com/article/PR-CO-20140401-906102.html

Green Automotive Company's Californian Subsidiary, Newport Coachworks, is Taking the Industry by Storm with Its New Limobuses - 03/26/2014
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 Signs Binding Agreement to Acquire UK Based Parts Remanufacturing Business Transhock Ltd - 3/4/2014
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.

SOURCE:  http://online.wsj.com/article/PR-CO-20140304-906503.html


Older Developments

Cali 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 Mil.
The selling "star" was the Patriot, 19 to 23 seat shuttle bus, with 9 buses sold. 3 customers chose the biggest model, the Freedom 45, for its beautiful exterior design and finish. The up-market Limo bus with its fancy interior seduced 2 companies, for a total of 14 sales at the show!


Green Automotive Company Signs Binding Agreement to Acquire Blackhawk Manufacturing Inc. at the LCT Show in Las Vegas

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.

RIVERSIDE, Calif.--(BUSINESS WIRE)--February 04, 2014-- Green Automotive Company (OTCQB: GACR) announced last week the launch of its all American built 100% electric shuttle bus, the e-Patriot, at the upcoming February 16-18th International LCT Show at the MGM Grand Hotel & Casino in Las Vegas (www.lctshow.com), one of the largest shuttle and charter events. The company has already received several enquiries from local authorities and businesses as the e-Patriot can offer a very cost effective transport solution in a variety of markets.


bar1080's Disclaimer and 2 Year Chart

postings above this line were not provided by moderator Bar1080 and I am not responsible for them.

GACR 2-year Chart

Green Automotive Company is a very risky stock in this moderator's  (bar1080) opinion. I don't own GACR and I recommend not buying it. Material in my section of this page is for informational purposes only. The author is not an investment professional. Consult your investment advisor and company filings for more information. Bar1080 is neither long nor short GACR.

#371  Sticky Note Updated IBOX above. I started by adding a bar1080 03/26/14 03:00:35 PM
#722   Curious, how did you first hear about GAC, bar1080 04/24/14 11:06:44 PM
#721   I usually use Yahoo's board, Loyalshareholdergac 04/24/14 07:08:46 PM
#719   The Point Your Missing Regarding the R/S Loyalshareholdergac 04/24/14 03:05:13 PM
#718   EV Sales Up 21.8% and Outselling Hybrids michaeldesanta 04/23/14 10:10:15 PM
#717   Newport Coachworks Buses For Sale michaeldesanta 04/23/14 09:09:59 PM
#716   Sunny Day Here in Los Santos michaeldesanta 04/23/14 08:45:02 PM
#715   Could be. Or maybe calm before the michaeldesanta 04/23/14 01:31:31 PM
#714   I'm starting to ponder that same question as JJAAMMAANN 04/23/14 12:34:18 PM
#713   Quiet around here. Calm before the storm?? Ultimaratioregum 04/23/14 11:34:13 AM
#712   Short Squeeze, Pump and Dump, or Impending Good michaeldesanta 04/21/14 01:13:53 PM
#711   You mean the changes demanded by the SEC? bar1080 04/21/14 09:30:02 AM
#709   Just Another Sign of Uplisting michaeldesanta 04/20/14 04:49:23 PM
#708   I think you're missing the point. michaeldesanta 04/20/14 03:41:54 PM
#707   You talking about oranges and I apples. liverpool8 04/20/14 03:06:07 PM
#706   No I am not. Look up the requirements liverpool8 04/20/14 03:01:48 PM
#705   The Uplist will be for NYSE Mkt (AMEX) michaeldesanta 04/20/14 01:15:59 PM
#704   NYSE Mkt (AMEX) is not NYSE. You are michaeldesanta 04/20/14 12:51:31 PM
#703   imo GACR needs to do a reverse if Ultimaratioregum 04/20/14 10:52:03 AM
#702   Furthermore they have to trade at those levels liverpool8 04/20/14 09:00:01 AM
#701   NYSE is $4.00 & NASDQ is $3.00 liverpool8 04/20/14 08:57:10 AM
#700   RS Newbs michaeldesanta 04/20/14 02:40:46 AM
#699   Pretty Much 2014 and 2015 will make or michaeldesanta 04/20/14 01:38:12 AM
#698   ......I forgot to mention that I'm pretty sure Sweetleaf2014 04/19/14 06:51:14 PM
#697   Yes Mr. Desanta...You are absolutely correct.Those willing to Sweetleaf2014 04/19/14 06:42:22 PM
#696   Investors were certainly Played for the last 2 bar1080 04/18/14 04:22:03 PM
#695   GACR is a 2 year play. michaeldesanta 04/17/14 10:26:05 PM
#694   You mention reverse you get "RED" trades! Dumping day liverpool8 04/17/14 01:00:57 PM
#693   Desperate insiders selling into anything that seems like bar1080 04/17/14 12:57:39 PM
#692   Even good news won't push the stock up. michaeldesanta 04/17/14 12:00:52 PM
#691   No comment on the reverse. :) michaeldesanta 04/17/14 11:24:27 AM
#690   Pretty good news toady. Nice to get some Ultimaratioregum 04/17/14 11:09:08 AM
#689   Blackhawk Manufacturing Joins the Green Automotive Company michaeldesanta 04/17/14 09:58:02 AM
#688   I am sure they cannot wait to kill wol68 04/16/14 02:31:13 PM
#687   I've owned a hybrid so I know how michaeldesanta 04/16/14 01:59:12 PM
#686   Tell that to Shell, Chevron, Mobil & BP oil liverpool8 04/16/14 01:30:11 PM
#685   My friend tried a EV. The feeling was wol68 04/16/14 11:24:36 AM
#684   Fred Luke is still listed as a Director liverpool8 04/16/14 10:12:38 AM
#683   "Long on promise and short of performance." Luke bar1080 04/16/14 07:02:00 AM
#682   Fred Luke: "By now it's a familiar litany. bar1080 04/16/14 06:48:23 AM
#681   Late GACR CFO Darren West's Funeral was yesterday. michaeldesanta 04/16/14 12:04:52 AM
#680   Wow!! Fred Luke? I haven't heard that moras 04/15/14 11:08:21 PM
#679   Shorting Interest for End of March michaeldesanta 04/15/14 07:54:27 PM
#678   Big was lower a few weeks ago. michaeldesanta 04/15/14 07:17:04 PM
#677   Classic Death Spiral Chart bar1080 04/15/14 06:04:23 PM
#676   0.0247 a new record low bid? Hope no bar1080 04/15/14 06:01:52 PM
#675   looking forward to it! Honest_Devan 04/15/14 03:31:54 PM
#674   Someone's clearly loading up. michaeldesanta 04/15/14 03:29:59 PM
#673   "[GACR] has been having a rough time since bar1080 04/15/14 02:41:52 PM
#672   another 1.1 million went through for GACR at Honest_Devan 04/15/14 01:12:47 PM
#671   Nice to see a little green. .02s seem Ultimaratioregum 04/15/14 12:07:31 PM