30 Jun '12, 11am

Green Car Congress: Green Automotive to acquire Liberty Electric ...: US-based Green Automotive Company has sign...

Green Automotive to acquire Liberty Electric Cars 30 June 2012 US-based Green Automotive Company has signed an agreement to acquire UK-based Liberty Electric Cars Limited (earlier post ). Liberty Electric Cars is a electric vehicle design, engineering and manufacturing company. Green Automotive will purchase all of the issued and outstanding stock of Liberty Electric Cars Ltd. and its subsidiary LEC 2, Limited, in exchange for 39,172,178 shares of Green Automotive Company common stock. Liberty, through its E-Tech division, is involved in research programs for developing next-generation EV solutions, many in partnership with Tier 1 automotive manufacturers. These include: The “Deliver” project in which Liberty is working with Volkswagen, Fiat and Michelin to develop a pure electric commercial vehicle. The “Motore” project in which Liberty is partnered with Cranfield Univers...

Full article: http://www.greencarcongress.com/2012/06/greenliberty-2012...

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