Key Developments: Green Automotive Co (GACR.PK)

GACR.PK on OTC Markets Group

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21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Green Automotive Company restructures management
Monday, 10 Nov 2014 06:30pm EST 

Green Automotive Company:Says that it has appointed Carter Read as its interim President and Secretary.Appoints Alan Bailey as its Chief Financial Officer.Says the appointments of Read and Bailey follow the company's winding up of its European subsidiaries and operations earlier this year and signal the company's focus on the operations of Newport Coachworks, Inc.Says with the winding up of the company's overseas operations, Ian G. Hobday resigned as the company's Chief Executive Officer, Chief Financial Officer and Secretary, effective Oct. 8, 2014.Hobday also resigned from his position on the company's Board of Directors.  Full Article

Green Automotive Co announces management change - Form 8-K
Wednesday, 15 Oct 2014 05:03pm EDT 

Green Automotive Co:Says on Oct. 8, 2014, Ian G. Hobday resigned his positions as chief executive officer, interim chief financial officer, secretary and member of the board.Says on Oct. 10, 2014, it appointed Carter Read, president of Newport Coachworks, Inc., remaining operating subsidiary, to the positions of interim president (principal executive officer) and secretary.  Full Article

Green Automotive Co closes the acquisition of Blackhawk
Thursday, 17 Apr 2014 09:02am EDT 

Green Automotive Co;:Closes its acquisition of California and Mexico-based Blackhawk Manufacturing Inc. and its affiliated companies (Blackhawk).For value of $6 mln of Green Automotive's common stock at $0.05 per share, which equals 120 mln shares.  Full Article

Green Automotive Co announces appointment of interim chief financial officer - Form 8-K
Monday, 31 Mar 2014 05:30pm EDT 

Green Automotive Co:On March 29, chief financial officer and secretary, Darren West, passed away.On March 31, board appointed Ian Hobday, current chief executive officer, to the positions of interim chief financial officer and interim secretary.Plans to hire new chief financial officer and secretary as soon as possible.  Full Article

Green Automotive Co signs binding agreement to acquire UK Based Parts Remanufacturing Business Transhock Ltd
Tuesday, 4 Mar 2014 08:00am EST 

Green Automotive Co:Signed a binding agreement to buy Transhock Ltd., a re-manufacturer and distributor of vehicle parts and accessories based in the West Midlands in the UK, the heart of the UK Automotive Industry.Transaction will be earnings accretive to GAC and was paid for with $1.8 million in equity.  Full Article

Green Automotive Co signs binding agreement to acquire Blackhawk Manufacturing Inc. at the LCT Show in Las Vegas
Tuesday, 18 Feb 2014 09:00am EST 

Green Automotive Co:Says it has signed a binding agreement to buy California and Mexico-based Blackhawk Manufacturing Inc. and its affiliated companies.Blackhawk is one of the foremost manufacturers of specialist composite materials with facilities in Bloomington CA and Tijuana Mexico and is generating sales of circa $5 mln per annum.Financial terms of the transaction were not disclosed.  Full Article

Green Automotive Co's subsidiary GoinGreen signs exclusive distribution agreement with us motorcycle manufacturer
Thursday, 23 Jan 2014 08:00am EST 

Green Automotive Co:Says its UK subsidiary GoinGreen has signed an exclusive distribution agreement for the UK market with the American electric motorcycle manufacturer Brammo.  Full Article

Green Automotive Co acquires minority share in Viridian Motor Corporation
Thursday, 9 Jan 2014 03:29pm EST 

Green Automotive Co:Says that it has acquired 21.63 pct of Viridian Motor Corporation , a US-based electric truck manufacturer.  Full Article

Ian Hobday Names CEO of Green Automotive Co
Wednesday, 25 Sep 2013 02:00pm EDT 

Green Automotive Co announced that Ian Hobday has been named Chief Executive Officer (CEO) with effect from the September 1, 2013. He will take on this role in addition to his current position as CEO of GAC`s UK subsidiary Liberty Electric Cars and will continue to be a Director of GAC. Hobday assumes the CEO position as Fred Luke, steps down from his role as President whilst continuing to work with the Company as a Director.  Full Article

Green Automotive Co's GoinGreen Announces Exclusive UK Distribution of Iā€™MOVING Electric Commercial Vehicles
Tuesday, 18 Jun 2013 11:00am EDT 

Green Automotive Co announced that its subsidiary, GoinGreen, has signed an agreement with I`MOVING to exclusively distribute their range of pure electric commercial vehicles in the UK. They have also agreed to explore opportunities to collaborate in the introduction of these pure electric trucks and vans to the United States where vehicles have been submitted recently for homologation certification. GoinGreen is the renowned one-stop-shop for sales of sustainable transport solutions - from electric bicycles, scooters and motor bikes to electric city cars, vans and trucks - all backed by its respected team of after sales support and service experts.  Full Article

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