Green Automotive Company is a US 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 involved in assessing a number of All-Electric and alternate fuel vehicles including an All-Electric Intra-City and Municipal Mass Transit Bus and School Bus, for introduction to the US market.
The Company plans to maximize sales and market share through the near term development of an exclusive robust dealership network. The Company will offer unique vehicles of exceptional value at very competitive prices; sales to dealers will be supported by a seasoned, market savvy management team that will deploy a marketing campaign designed to introduce the Green Auto brand and establish it as a leader in the electric vehicle market niche.
Green Automotive Company reversed into a Pink Sheet Company on November 4, 2009, and is positioning itself to capitalize on the growing need for less dependence on foreign oil through environmentally friendly “green” vehicle alternatives for the U.S. market.
The Company plans to maximize revenues through the development of a robust nationwide independent retail dealership network working with high-profile retailers in each of the major metro markets across the U.S. The Company’s management team, which has extensive importer, distributor and retail experience, will implement a business strategy designed to ensure high quality vehicles as it also fully supports its authorized retail dealership network resulting in high levels of customer satisfaction.
North America is a new market for Pacific Rim manufacturers such as Zotye, JAC, Brilliance Auto, Great Wall, etc. It’s a well known fact that U.S. consumers already readily accept imported vehicles like Honda, Toyota, Hyundai, Kia, and Mitsubishi. Recent market research performed by AutoPacific for Green Automotive Company indicates a growing acceptance of vehicles made in China based on the fact that many quality products purchased and used by U.S. consumers are already made in China. Chinese vehicle manufacturers are now able to produce quality vehicles at an aggressive price point that enables technology breaking vehicles to be affordable to the larger cross section of American consumers.
Green Automotive Company has a unique ability to secure dealer distribution throughout the U.S. market. By focusing on robust distribution, consumer satisfaction and new alternate fuel vehicles, Green Automotive Company will combine advanced technology vehicles with proven sales and service models.
The Automotive Industry forecasts there will be approximately 13,000,000 million car and truck sales transactions in the U.S. in 2012.
Overall sales have declined dramatically during the 2008, 2009 and 2010 model years due to the economic recession combined with the lack of available consumer credit because of the well-publicized problems that have been experienced by lending institutions worldwide.
Although the auto industry in the U.S. market is experiencing unprecedented difficulties, the emerging market for electric vehicles represents enormous opportunity for those companies correctly positioned with the right product for this new space. The market for electric cars in North America is a market of extensive proportions; estimated by U.S. Government to be 2.4M cars by 2015 (1% of the gas vehicle market would represent annual sales of 120,000 vehicles or $3.6 billion dollars in vehicle sales). Green Automotive Company has as its target a 1% market share of all U.S. auto sales, which would represent 120,000 cars annual by 2013.
Initially, Green Automotive Company will position itself as the first U.S. company to import and distribute a fully FMVSS compliant All-Electric Vehicle to the U.S. market. Additional products will include other alternate fuel and All-Electric vehicles like the Green Auto MPV. Retail distribution will involve independent retail dealerships located in major metro markets across the U.S. In addition to reduced dependence on foreign oil and the sizeable revenues generated by and associated with vehicle sales, this positive economic impact will include jobs, jobs and more jobs. Even smaller vehicle importer / distributors like Mitsubishi, Kia and Daewoo employed hundreds of individuals needed to support and grow their operations. Green Auto will give priority to American Veterans in their staffing selection process with the goal being to employee a sizeable number of American Veterans. Add to this the hundreds of additional employment opportunities created at the independent Green Auto retail dealerships to support vehicle sales, parts and service operations and the local, state and federal economic impact is very significant.
Adding to their initial U.S. market entry strategy, Green Auto Company is already in discussion and planning for a "Phase II" business strategy involving the assembly of its alternate fuel and All-Electric models here in the U.S. Using a number of available tax credits / incentives including the State Enterprise Zone Tax Credits, Federal Empowerment Zone Tax Credits, Federal Work Opportunity Tax Credit, R&D Tax Credit, etc. will facilitate Green Automotive Company’s Phase II plan to develop a vehicle assembly operation as it also creates even greater positive economic impact through increased revenues and additional employment opportunities. Here again, Green Auto will ensure that American Veterans receive top priority for all available staff positions.
Green investing is an increasingly popular form of investing that includes multiple sectors such as environmental cleanup, natural/organic foods, pollution controls and renewable energy. With recent spikes in oil prices, oil spills, and recent U.S. government support such as tax breaks, credits, and investment in a green economy, green investing is at the forefront of today's economy. Learn more...