General Automotive Company (OTC:GNAU) announced the launch of its New U-Joint Direct Import program for January 2011. Concurrently, an e-mail marketing campaign began this morning and the Company’s stock price garnered a nice percentage gain on heavy volume. In early trading, shares of GNAU were up 48 percent, or 2 cents per share, at $0.07 per share on volume of nearly 1.5 million shares compared to its average daily volume of only 30,000 shares.General Automotive through its joint venture General Automotive China/ Taichi Automotive, which was announced last month, was designed to specifically focus in the development and sourcing of quality automotive parts while cultivating new manufacturing and distribution opportunities. Through its China operation General Automotive will be able to control and support its product manufacturing.
"We are excited to launch our U-Joint program for early January 2011. This is another great example of how our new joint venture, General Automotive China/ Taichi Automotive continues to allow us to expand into multiple new product lines which are both of the highest quality and extremely price competitive," explains Neil Gethin, Vice President of Business development at OE Source.
General Automotive Company provides original equipment and aftermarket automotive parts, and automotive technology in the United States and internationally. It focuses on automotive parts sales and distribution through its subsidiary, OE Source L.C., General Automotive is also partnered in GreenCell Inc., a joint venture with SenCer Inc., a New York based ceramic technology company. GreenCell, Inc., has created "Ultra-Temp", a proprietary technology and a potential game changer for the manufacturing of multiple automotive products including oxygen sensors, brakes and SOFC fuel cells for powering automobiles.
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