Green Automotive Proceeds Forward on Plans to Expand Presence in China


green

NEWPORT BEACH, CA: November 23, 2011: Green Automotive Company (OTC:GACR) announced today that it has identified and is proceeding with negotiating terms on its planned Vehicle Assessment Center in Shanghai and, by year end, intends to lease and begin staffing the facility.

“This up-coming trip to China will be followed by periodic trips during the first quarter of next year to monitor the Company's progress on the build-out of the new facility and follow-up meetings with vehicle manufacturers.”

According to Mr. Fred Luke, Green Automotive President, "Company Director Ben Rainwater will return to China in mid December to decide on the optimal location for our GAC Vehicle Assessment Center. Together with Mr. Jack Tian, the Company's Chief Representative for China and Vice President of China Operations, Mr. Rainwater will also be meeting with other notable China-based vehicle manufacturers who are developing electric vehicles and who have expressed a strong interest in distributing their products in North America, including the manufacturer of the all-electric mini-van, also referred to as a multi-purpose vehicle or 'MPV.'"

As the Company announced in September, the Shanghai Vehicle Assessment Center will be managed by the Company's subsidiary, GAC Automotive Services, and will be opened under the name "GAC Vehicle Assessment Center" to perform Phase 1 - Vehicle Assessment and other evaluation work on Chinese manufactured vehicles, and to advise the manufacturers on how best to proceed with vehicle development necessary to meet U.S. Federal Motor Vehicle Safety Standards prior to shipping vehicles to the U.S. for further testing.

"As I stated in September," said Mr. Rainwater, "I believe that a Company facility in the Shanghai area should increase our presence and make an important statement to the Chinese vehicle manufacturers with whom Jack Tian and I have been meeting, that we fully intend to be in a position very soon to assess and deliver additional services related to their vehicles at a more efficient cost. I further believe that this on-the-ground presence will greatly assist us in the development of potential business partnerships with other Chinese automobile manufacturers and other automotive-related service companies."

According to Mr. Luke, "This up-coming trip to China will be followed by periodic trips during the first quarter of next year to monitor the Company's progress on the build-out of the new facility and follow-up meetings with vehicle manufacturers."

About Green Automotive Company: Green Automotive Company Corporation is a U.S. public company involved in the import and distribution of Eco-friendly vehicles. The Company is presently planning to bring All-Electric and other Eco-friendly vehicles into the United States market. The Company is currently testing an All-Electric SUV and an all-electric MPV for introduction to the U.S. market in 2012. The Company maintains its Corporate Office in Newport Beach, California and its Dealership Services Office in Lewisville, Texas. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR".

Home | New Car Buyers Guide | Total New Car Costs | Reviews
Automotive News | PennySaver Classifieds | Media Library | Auto Parts

Copyright © 1996-2012 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by Gordon Communications and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit press releases or news stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/

*