General Automotive Company (GNAU.OB) operates primarily through their two wholly-owned subsidiaries, Global Parts Direct and OE Source. Through these, the company sources, distributes and sells automotive systems, modules, components and auto electronics to automotive manufacturers and the automotive aftermarket. General Automotive has established relationships throughout the United States, Japan, China, Taiwan, Thailand and Malaysia.
General Automotive’s established relationships include auto manufacturers, vehicle processing centers, and major distributors. The company’s Global Parts Direct subsidiary is a Tier 1 supplier to the Mopar Division of Chrysler. They were also given recognition in 2005 as a top-performing supplier of Mopar. General Automotive’s product lines include automotive body parts, auto electronics, and accessories such as Lynx two-way car alarms. Other accessories include backup view and sensor systems, an all-in-one flip down overhead DVD mobile entertainment system, hands free telematics and navigation systems, engine control units and oxygen sensors.
General Automotive intends to grow their market through future acquisitions. The company plans to seek acquisition candidates that offer high-value-added automotive components, candidates that are niche-oriented and market leading, candidates that possess extensive national and international distribution and supply chains, candidates with future growth potential and candidates with strong financial performances. In 2007, General Automotive reported revenues of $15.3 million and anticipates revenues of at least $100 million by 2010 if all intended acquisitions close.
Let us hear your thoughts: General Automotive Company Message Board