Newport Coachworks Announces New Order for Sprinter Shuttles
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Green Automotive Company (GACR.PK) (www.thegreenautomotivecompany.com) (OTC:GACR) announced today that its subsidiary, Newport Coachworks Inc. , had received a new order for 48 Sprinter shuttle and Limo buses.
Newport Coachworks will start production on the Sprinter based shuttle and Limo buses during April, and expects the first models to be delivered in May. In order to meet the requirements for this new Limo and shuttle bus order, Newport Coachworks will set up its own Trimming department, to provide the very highest quality of interior finishes.
Carter Read, President of Newport Coachworks said: Were excited about the diversification this brings to our business and the chance to work on a platform (the Sprinter) which is being sold in ever increasing volumes. It also moves us into the Limo Shuttle business, an area where we have a vast amount of experience, and we expect it to have a positive effect on both revenue and profit going forward.
Said Ian Hobday, Director Green Automotive, Coming on the back of the recent increase in traditional shuttle bus orders, this new order shows just how well the Newport Coachworks business is developing under the leadership of Carter Read. We feel confident that this growth will continue as more potential customers get a chance to see the incredible build quality of the Newport range.
About Green Automotive Company
Green Automotive Company is a state-of-the-art niche vehicle design, engineering, manufacturing, and sales company, driving innovation in the use of cutting edge zero and low emission technologies. Our 3 main divisions are Liberty Electric Cars Ltd , Newport Coachworks Inc and GoinGreen Ltd . Green Automotive Company shares are traded on the OTC QB under the symbol "GACR". For further info, visit www.thegreenautomotivecompany.com.
Forward Looking Statements - This release includes forward-looking statements. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. For a copy of the Companys full statements regarding forward-looking statements please click here Safe Harbor Statement » Green Automotive Company
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Source: Green Automotive CompanyCopyright Business Wire 2013