Bob Lutz’s VL Automotive Merges With GreenTech Automotive

MAY 7 2014 BY JAY COLE 11

Greentech Automotive seems to be on quite a roll of late

In The "Environmentally Friendly" Category GreenTech Automobile Produces the GTA MyCar

In The “Environmentally Friendly” Category GreenTech Automobile Produces the GTA MyCar

Hot off its agreement with Saleen to “provide efficient sport cars for the Asian market” and its tie-in with Chinese automaker JAC, US-based WM Greentech has merged with Bob Lutz’s VL Automotive, maker of the high performance Fisker Karma-based Destino.

Greentech has both a high performance WM division, of which the WM Destino will now be the flagship, while the GTA division is dedicated to developing and producing environmentally friendly, energy-efficient electric vehicles – such as the NEV MyCar; capable of a 35 mph top speed and a range of 65 miles and the upcoming GTA G2 “urban car.”

This merger will shakeup the structure and logistics of GreenTech.

WMGTA will now has its global engineering headquarters in Detroit, Michigan, while keeping its manufacturing in Tunica, Mississippi.  The U.S. corporate headquarters is in McLean, Virginia.

VL Automotive was originally founded by Bob Lutz and Gilbert Villarreal (automotive engineer and industrialist, formerly also with Boeing and GM).  Effective immediately Mr. Villarreal becomes the Co-President and Chief Operating Officer of WMGTA.

“This merger will enable WMGTA to ramp up production of the Destino luxury sports sedan while strengthening WMGTA’s electric vehicle division. As a newly formed corporation, WMGTA has proven its practical business strategy and sensible approach to product development. I truly believe in the production of the GTA MyCar as a practical, electric transportation solution for the masses,” Villarreal said.

Of Interest:  We Caught Bob Lutz's Keynote Speech In Person At The 2014 ACT Expo Today

Of Interest: We Caught Bob Lutz’s Keynote Speech In Person At The 2014 ACT Expo Today

Charles Wang, CEO (and now Co-President) of WMGTA said in a statement:

“Leveraging more than a half-century of combined experience in the automotive industry by its founders, VL Automotive has produced a world-class luxury sedan in record time. We see great synergies between the two companies and we are extremely excited for the merger to be complete. I believe that this merger will enable WMGTA to take a leap forward in engineering capability, product development and manufacturing standards, as well as production capacity.”

GreenTech previously signed a joint partnership late in 2013 with Chinese automaker JAC  (Jianghui Automotive Company) to develop  a 4-door, all-electric vehicle for the North American market.

Check out GreenTech Automotive’s lineup of WM Destino and Saleen supercars here.  Or the plug-in EV GTA lineup including the MyCar and G2 here.

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11 Comments on "Bob Lutz’s VL Automotive Merges With GreenTech Automotive"

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Uh . . . why does the WM Destino look like a Fisker Karma with a new front fascia?

Because it is a Karma

With a new front fascia.

I smell failure…

+1

I’m not so sure. The Karma has a great look about it. The EREV powertrain was woefully underpowered, giving the 5000+ lb. car a 0-60 in the 8.5 second range.

Sticking a huge, powerful ICE in its place should work quite nicely. Sexy body with a powerful heart. Enthusiasts will love it.

Dr. Kenneth Noisewater

I dunno, I never thought the Karma was all that great looking. I prefer the Model S, or even the recent Maxima to it (aside from its bulbous rear end).

It’s great looking.

In an adolescent, Wolf of Wall Street kind of way.

It is kinda like a 70’s era Corvette.

I’m not sure if GTA was anything but a scheme to get citizenship for some Chinese people.

I think the real Karma under its new leadership has a better chance of survival than this knock off. Seems funny that a company is called GreenTech that produces high end gas guzzlers and small electric vehicles that fit every negative stereotype about EVs out there.