Best Safest Companies To Watch For 2015: Green Automotive Co (GACR)
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 January 2014, Green Automotive Co Inc acquired a 21.63% interest in Vi ridian Motor Corp Inc.
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 (OEMs) 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.
Advisors' Opinion:- [By John Udovich]
The electric vehicle industry and stocks like Tesla Motors Inc (NASDAQ: TSLA), Kandi Technologies Group Inc (NASDAQ: KNDI) and Green Automo! tive Co (OTCMKTS: GACR) continue to produce a steady flow of interesting and relevant news for investors and traders alike with the following news being worth paying close attention to:
- [By Bryan Murphy]
Prior to today, competitors (yet frenemies) like Kandi Technologies Group Inc. (NASDAQ:KNDI) and Tesla Motors Inc. (NASDAQ:TSLA) could only wonder what kind of traction that electric vehicle maker Green Automotive Co. (OTCMKTS:GACR) has been getting, with most of the pieces of its revenue puzzle not being laid until the latter half of last year. TSLA and KNDI don't have to wait any longer, however, as GACR put it all out there today. While it might be overdoing it to say Kandi Technologies or Tesla should be worried about the kinds of results - and the kind of growth - Green Automotive is getting, it wouldn't be inaccurate to say GACR's numbers are something the rest of the EV industry should take note of.... this little player is coming on strong.
- [By John Udovich]
The latest green or electric car news is naturally dominated by the latest earnings report from Tesla Motors Inc (NASDAQ: TSLA), but there is actually plenty of other industry news to consider along with news from small cap electricvehicle stocks likeKandi Technologies Group Inc (NASDAQ: KNDI) and Green Automotive Co (OTCMKTS: GACR) to hit the newswires in the first few days of this week to also consider:
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-safest-companies-to-watch-for-2015.html
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