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Green Automotive Co Corp (GACR) financial news, and detailed stock charts

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Green Automotive Co Corp (GACR) Stock Summary:

Green Automotive Company Inc. offers imported electric cars for sale to dealerships in the United States. It focuses on distributing sport utility vehicle (SUV) in North America. The company operates as a North American distributor for the new Zotye Electric SUV manufactured in the China by Zotye International Holding Company. The Zotye Electric SUV vehicle has A/C and heat system; power windows/power locks; DVD audio system; integrated electric system monitoring screen, including monitor battery status, vehicle speed, charging status, regular on board charging, and fast charging port; and automatic transmission. The company was formerly known as Ganas Corporation and changed its name to Green Automotive Company Inc. in January 2010. Green Automotive Company Inc. was founded in 1996 and is based in Addison, Texas.
60 Employees
Last Reported Date: 03/31/14
Last $0.0085 USD
Change Today +0.0005 / 6.25%
Volume 392.6K
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

green automotive co corp (GACR) Snapshot

Open
$0.0084
Previous Close
$0.0080
Day High
$0.0085
Day Low
$0.0080
52 Week High
11/7/13 - $0.45
52 Week Low
09/16/14 - $0.0050
Market Cap
5.7M
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 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.

Green Automotive Company Restructures its Electric Vehicle Business

Green Automotive Company announced that 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-organization 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 Co Corp financial resources

otc, otcbb, pinksheet, GACR, ob Green Automotive Co Corp
 

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Cummins Inc $136.04 USD -1.85
Siemens AG €94.57 EUR -1.31
 

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Archieved Financial News About Green Automotive Co Corp

Green Automotive Company Continues All-Electric SUV Testing

Keywords: Green Automotive Company Continues All-Electric SUV Testing, gacr.pk
Quote:
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Green Automotive Company Developing Carbon Credit Program

Keywords: Green Automotive Company Developing Carbon Credit Program, gacr.pk
Quote: Press ReleaseSource: Green Automotive Company CorporationOn Thursday June 9, 2011, 12:30 pm EDTNEWPORT BEACH, Calif.--(BUSINESS WIRE)--Green Automotive Company Corporation (OTC: -“As I outlined in our announcement last month”, said Mr. Fred Luke,“under newly enacted COemissions regulations, companieswhose products emit CO have a limit on the amount ofgreenhouse gas that their products can emit. The company, or “emitter”,must have an “emissions permit” fo...
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Green Automotive Company Relocates Corporate Headquarters to Newport Beach, California and Relocates Dallas Office to Lewisville, Texas

Keywords: Green Automotive Company Relocates Corporate Headquarters to Newport Beach, California and Relocates Dallas Office to Lewisville, Texas, gacr.pk
Quote:
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Green Automotive Company Announces Quarterly Results

Keywords: Green Automotive Company Announces Quarterly Results, gacr.pk
Quote:
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What's Going on With Green Automotive? Part 2

Quote: I continue to conduct due diligence on Green Automotive Company (GACR.PK), and continue to be nothing less than flabbergasted by what I find. You can see the first part of my report on GACR's recent uptrend here.Since Seeking Alpha published that story, the uptrend has morphed into a downtrend and I have received several emails from people thanking me for pointing out what they consider obvious. At the very least, there's something that's simply not right with GACR. What astonishes me, however, ...
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Green Automotive Enters into Agreement to Monetize Future Carbon Credits

Keywords: Green Automotive Enters into Agreement to Monetize Future Carbon Credits, gacr.pk
Quote: Press ReleaseSource: Green Automotive Company CorporationOn Monday May 23, 2011, 8:44 am EDTDALLAS--(BUSINESS WIRE)--Green Automotive Company Corporation (OTC: -“Carbon Credits, also known as Certified Emission Reductions,” said FredLuke, President of Green Automotive, “are the evolution of the Clean AirAct of 1990, which set out to reduce sulfur emissions that cause acidrain, but in this case the goal is to reduce the amount of carbondioxide emitted into the environment by com...
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Green Automotive To Begin All-Electric SUV Impact Testing

Keywords: Green Automotive To Begin All-Electric SUV Impact Testing, gacr.pk
Quote: Press ReleaseSource: Green Automotive Company CorporationOn Tuesday May 17, 2011, 2:14 pm EDTDALLAS--(BUSINESS WIRE)--Green Automotive Company Corporation (OTC: - Roush Industries is a premier provider ofautomotive engineering and systems integration solutions, with over2,500 employees in facilities around the world. The broad scope ofengineering expertise at Roush, which includes areas such as advancedcomposites, body design and engineering, paint and trim services,fabrication and instrumentati...
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Green Automotive to Showcase All Electric SUV at Orange County Technology Summit

Keywords: Green Automotive to Showcase All Electric SUV at Orange County Technology Summit, gacr.pk
Quote: Press ReleaseSource: Green Automotive Company CorporationOn Thursday May 12, 2011, 4:43 pm EDTDALLAS--(BUSINESS WIRE)--Green Automotive Company Corporation (OTC: - ) (“The events will commence Monday, May 16Green Automotive shareholders, accounting, legal, marketing, investmentbanking, emerging technology leaders, and all other interested partiesare invited to attend this event. For tickets please contact Tech CoastVenture Network at : Green AutomotiveCompany Corporation is a U.S. public c...
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Green Automotive Submits Offer to Purchase Assets of StarPoint USA Inc.

Keywords: Green Automotive Submits Offer to Purchase Assets of StarPoint USA Inc., gacr.pk
Quote:
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Green Automotive Completes Third Quarter Financial Disclosure

Keywords: Green Automotive Completes Third Quarter Financial Disclosure, gacr.pk
Quote: The Company has aggressive growth and financing plans and upon completion and available for public disclosure -- this info will be made available to all shareholders."About Green Automotive Company Corporation: Green Automotive Company is U.S. public company and the exclusive importer/distributor of Zotye Electric Cars/SUVs to North America. The company's shares are traded on the Pink Sheets under the symbol (GACR).www.usaelectricauto.cominfo@usaelectricauto.comSafe Harbor Statement -- This rele...
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Green Automotive Continues Testing of All-Electric SUV for U.S. Delivery

Keywords: Green Automotive Continues Testing of All-Electric SUV for U.S. Delivery, gacr.pk
Quote:
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Green Automotive Adds Industry Veterans to Team

Keywords: Green Automotive Adds Industry Veterans to Team, gacr.pk
Quote: Winter, well known to the NTHSA, EPA, CARB and other government agencies, has extensive background in vehicle compliance, including projects for Hyundai, General Motors Daewoo and Phoenix Motorcars.About Green Automotive Company Inc.: G......
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Green Automotive Hosts Event to Showcase Electric Vehicles

Keywords: Green Automotive Hosts Event to Showcase Electric Vehicles, gacr.pk
Quote: COMPTON, Calif.--(BUSINESS WIRE)--Green Automotive Company Corporation (GACR.PK) announced today that ithosted an event at StarPoint USA’s distribution center located inCompton, California to showcase its most recent shipment of electricvehicles, including the new Multi-Purpose Vehicle (“MPV”), and to film apromotional video with official company spokesperson and legendaryMotown recording artist, Smokey Robinson.“Smokey Robinson is genuinely excited about Green Automotiv...
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Green Automotive Announces New Vehicle Shipment

Keywords: Green Automotive Announces New Vehicle Shipment, gacr.pk
Quote: DALLAS--(BUSINESS WIRE)--Green Automotive Company Corporation (GACR.PK) announced today thearrival of nine new All-Electric vehicles from its vehicle manufacturerbased in China. According to the Company the vehicles have clearedCustoms and have been delivered to its temporary holding facility inSouthern California.The Company took delivery of the new fleet that included a brand newAll-Electric Multi-Purpose Vehicle (MPV). The vehicles will continue toundergo rigorous U.S. testing and evaluation ...
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Green Automotive to Move to Pink Sheets "Current Information" Tier

Keywords: Green Automotive to Move to Pink Sheets
Quote: Elliott, "and should remove all doubts that we are not only serious about becoming one of the leaders in this emerging Electric Vehicle market, but we are capable of producing a product line that should certainly be first tier and represent one of the best Electric Vehicle lines the industry has to offer."About Green Automotive Company Inc: Green Automotive Compa......
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Green Automotive and Zotye Tour California Dealers for Electric SUV

Keywords: Green Automotive and Zotye Tour California Dealers for Electric SUV, gacr.pk
Quote: We are excited to have our brand represented by these top retailers in the United States."Along with dealer meetings and discussions of proper floor planning for the upcoming Electric SUV launch, the Zotye and Green Auto teams toured local distribution and parts systems facilities to ensure preparations are underway for the launch and to be prepared to provide the best service to the customer.About Green Automotive Company Inc: Green Automotive Company is U.S. public company and the exclusive i...
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Green Automotive Plans Expansion of Its Management Team

Keywords: Green Automotive Plans Expansion of Its Management Team, gacr.pk
Quote: DALLAS--(BUSINESS WIRE)--Green Automotive Company Corporation (Pink Sheets:GACR) President FredLuke announced today that the Company is in discussion with Mr. BenRainwater to re-join Green Automotive as a member of its Board ofDirectors, and with Mr. Jack Tian who the Company has asked to join asan officer.“There are a number of rumors floating around concerning the recentrestructuring of our Board, and the Extension Agreement with Zotye,”said Mr. Luke. “As Steve Wells, the ...
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Fred Luke Assumes Duties as President and Director of Green Automotive

Keywords: Fred Luke Assumes Duties as President and Director of Green Automotive, gacr.pk
Quote: He brings to the Company the strength of Internationalbusiness and corporate governance needed at this time.”About Green Automotive Company Corporation:GACR.pkNewswww.usaelectricauto.com.Safe Harbor Statement - This release includes forward-lookingstatements within the meaning of Section 27A of the Securities Act of1933 and Section 27E of the Securities Act of 1934. Statements containedin this release that are not historical facts may be deemed to beforward-looking statements. Investors ar...
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Green Automotive To Be Featured in New Reality TV Series

Keywords: Green Automotive To Be Featured in New Reality TV Series, gacr.pk
Quote:
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Green Automotive to Relocate Headquarters to California

Keywords: Green Automotive to Relocate Headquarters to California, gacr.pk
Quote: Frederick StevenWells, the Company’s co-founder and one of its original Directors, said,“We applaud the President for his recognition of the value of advancingenergy technologies that reduce our dependence on imported oil andimprove the environment, and we are excited to be a part of theadvancement of the ‘green initiative’ and the technology behind thePresident’s mandate.”About Green Automotive Company Corporation:www.usaelectricauto.cominfo@usaelectricaut...
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