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Green Automotive Co Corp under the ticker symbol GACR. Here is some more information that we have about Green Automotive Co Corp

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Green Automotive Co Corp
Green Automotive Company Corporation engages in the marketing, distribution, and sale of electric vehicles in the United States. It has an importer/distributor agreement to market the Zotye All-Electric SUV and MPV All-Electric vehicles. Green Automotive Company Corporation is based in Newport Beach, California.
60 Employees
Last Reported Date: 03/31/14
Last $0.0066 USD
Change Today +0.0006 / 10.00%
Volume 2.9M
As of 8:10 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

green automotive co corp (GACR) Snapshot

Open
$0.0057
Previous Close
$0.0060
Day High
$0.0067
Day Low
$0.0057
52 Week High
11/7/13 - $0.45
52 Week Low
09/16/14 - $0.0050
Market Cap
4.4M
Average Volume 10 Days
2.6M
EPS TTM
$-0.01
Shares Outstanding
665.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
GACR:US Advanced Stock Chart

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green automotive co corp (GACR) Key Developments

Green Automotive Company Expands its Production Facilities

Green Automotive Company announced 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. At present all Newport Coachworks production activity is carried out in its 20,000sq ft plant in Riverside. The company has just signed a contract to rent an additional 12,000sq ft building two miles away from its existing facility; construction work has started to adapt it to the company's requirements. The new facility will be ready in early October and the entire final assembly process will be located there. The building will also provide new commercial offices including design and development, a small show room and a customer reception area. All fibreglass and frame construction as well as paint operations will continue to be done in the original factory. This expansion allows Newport Coachworks to move from a production capacity of 2 buses to 4 or 5 buses per week and should eventually employ an additional 20 workers.

Green Automotive Company Announces Financial Results for the Second Quarter Ended June 30, 2014

Green Automotive Company announced financial results for the 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 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. The management believes operating loss (after removing non-cash derivative liabilities and interest expense) of $1,085,817 for the three months ended June 30, 2014, compared to operating loss of $512,530 for the three months ended June 30, 2013, is an accurate indicator of current results.

Green Automotive Company Announces Resignation of Nicholas Hewson as Director

On August 21, 2014 Nicholas Hewson resigned as a director of Green Automotive Company with his resignation effective that day. Mr. Hewson's resignation was not related to any disagreement with the company on any matter relating to the company's operations, policies and practices. Mr. Hewson, who resides in the United Kingdom and is retired, informed the board that the geographic separation caused by the company's decision to reorganize its business to focus on U.S. based domestic operations, made his ability to devote the time required to perform his oversight functions as a director more difficult. The company accepted Mr. Hewson's resignation and expressed appreciation for the services he performed as a director.

 

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GACR:US $0.01 USD +0.0006

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Cummins Inc $131.06 USD -0.92
Siemens AG €93.44 EUR +0.53
 

Industry Analysis

GACR

Industry Average

Valuation GACR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.5x
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GREEN AUTOMOTIVE CO Files SEC form 10-K/A, Annual Report
  Read More...
Green Automotive Company Expands Its Production Facilities
[Business Wire] - Green Automotive Company announced today that its core activity, Newport Coachworks, is expanding its production facility in Riverside, California, in order to meet t
  Read More...
GREEN AUTOMOTIVE CO Financials
  Read More...
GREEN AUTOMOTIVE CO Files SEC form 8-K, Unregistered Sale of Equity Securities, Amendments to Articles of Inc. or Byl
  Read More...
Green Automotive Company Reports Second Quarter Financial Results
[Business Wire] - Green Automotive Company 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 .
  Read More...
GREEN AUTOMOTIVE CO Files SEC form 10-Q, Quarterly Report
  Read More...
GREEN AUTOMOTIVE CO Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Change in Directors or Pr
  Read More...
Green Automotive Company Restructures Its Electric Vehicle Business
[Business Wire] - As part of the company’s plan to focus on its major growth opportunities led by Newport Coachworks, Green Automotive Company 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.
  Read More...
GREEN AUTOMOTIVE CO Files SEC form 8-K, Change in Directors or Principal Officers
  Read More...
Green Automotive Company Appoints New Controller and Senior Vice President, Global Corporate Finance
[Business Wire] - Green Automotive Company has strengthened its management team with the appointment of Donald J. Murray as Controller and Senior Vice President, Global Corporate Finan
  Read More...
Green Automotive Company’s Subsidiary Newport Coachworks Raises Big Interest at the GFX Expo in San Diego
[Business Wire] - Green Automotive Company announces that its Californian based subsidiary Newport Coachworks has generated significant interest for its CNG and electric shuttle buses at the GFX Expo, the Government Fleet Expo which took place in San Diego early June.
  Read More...
GREEN AUTOMOTIVE CO Files SEC form 8-K, Termination of a Material Definitive Agreement, Unregistered Sale of Equity S
  Read More...
Green Automotive Company’s Subsidiary Liberty Electric Cars Completes the Prototype of the Next Generation of Electric Delivery Vehicle
[Business Wire] - Green Automotive Company announces that its European based subsidiary, Liberty Electric Cars, has successfully completed the build of the first fully functioning example of “DELIVER” - an electric delivery vehicle funded by the European Commissions’ 7th Framework Programme which brings together ten partner companies from across Europe.
  Read More...
GREEN AUTOMOTIVE CO Files SEC form 8-K, Other Events
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Green Automotive Company Reports First Quarter Financial Results
[Business Wire] - Green Automotive Company today announced financial results for its fiscal 2014 first quarter, ended March 31, 2014. The company posted strong quarterly revenue of $1.235m, up from $218K reported for Q1 2013.
  Read More...
Green Automotive Company Closes the Acquisition of Blackhawk Manufacturing Inc.
[Business Wire] - Green Automotive Company announces that it has closed its acquisition of California and Mexico-based Blackhawk Manufacturing Inc. and its affiliated companies for a value of $6m of Green Automotive’s common stock at $0.05 per share, which equals 120m shares.
  Read More...
Following the Filing of Its Annual Report for the Year 2013, Green Automotive Provides Guidance on Its 2014 Forecast for Shareholders and Investors
[Business Wire] - This first guidance from the management of Green Automotive Company for analysts, shareholders and investors builds on the results posted in our 10-K for full year 20
  Read More...
Green Automotive Company Files Its Annual Report on Form 10-K for the Year Ended 31st of December 2013
[Business Wire] - Green Automotive Company 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 Exc
  Read More...
GREEN AUTOMOTIVE CO Files SEC form 10-K, Annual Report
  Read More...