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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Green Automotive Company Corporation (CE) | USOTC:GACR | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 01:00:00 |
As revenue continues to grow, the company adds to its manufacturing capabilities
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.
Today 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.
Carter Read, President of Newport Coachworks: “The expansion, which represents a 50% increase in production space, will help to meet the continuous growth in demand for our products. August has been a particularly strong month for us - underlining the need to expand. We expect this trend should continue as we sign additional dealership agreements around the country.”
Newport Coachworks is seen as one of the most innovative shuttle bus manufacturers in North America, committed to producing eco-friendly vehicles that help to reduce CO2 emissions and to build a sustainable future.
About Green Automotive Company visit www.thegreenautomotivecompany.com.
Forward Looking Statements - This release includes forward-looking statements. For a copy of the Company’s full statements regarding forward-looking statements please click here: Safe Harbor Statement Green Automotive Company
Green Automotive CompanyPublic RelationsPetra Beitl, +447791601666petra.beitl@the-gac.com
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