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![]() “We will soon begin the evaluation process on what we plan to be the second all-electric vehicle in the Company’s product line, the all-electric MPV,” said Fred Luke, president of Green Automotive. “We’ve been comparing the test results and other factors of the SUV to the MPV all-along, and we believe it’s now time to include the MPV in our evaluation and testing schedule. The Company will create a timeline and budget to begin the evaluation process for the MPV to ensure compliance with US Department of Transportation and Vehicle Safety Standards (FMVSS) regulations, beginning with a physical assessment of the MPV against the list of federal Crash Avoidance Standards and Crash Worthiness Standards. “The more we learn from our market research and testing, the more we are convinced that the MPV will have greater market appeal as it has greater size and has a broader range of user applications, which could quickly become the sales volume leader for the Company in both the retail and fleet buyer segments,” said Luke. Related headlines Fisker Automotive raises another $40 million Hyundai’s fuel-efficient sales skyrocket Compton Police Department orders T3 Series Electric Vehicles |
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| Comment at 10/6/2011 |