ECD Automotive Design(ECDA)
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ECD Automotive Design Introduces New Line-Up of Chelsea Truck Company Vehicles
Globenewswire· 2025-11-10 14:30
Core Insights - ECD Automotive Design has formed a U.S. distribution alliance with Chelsea Truck Company to create a new line of bespoke Land Rover Defender L663 and INEOS Grenadier vehicles under the brand ECD × CTC [3][5] - The collaboration aims to leverage CTC's design expertise and ECD's craftsmanship to produce modern luxury vehicles with faster delivery and refined design execution [4][5] - Since their market introduction, over 100,000 Land Rover Defenders and 12,000 INEOS Grenadiers have been sold in the U.S., indicating a strong demand for these vehicles [4] Company Overview - ECD Automotive Design is the largest restoration company for Land Rover and Jaguar, known for custom luxury builds, and trades under the NASDAQ symbol ECDA [3][6] - The company was founded in 2013 and specializes in restoring classic vehicles, with a focus on high-quality craftsmanship and bespoke designs [6] - ECD's facility in Kissimmee, Florida, spans 100,000 square feet and employs 102 staff, including 67 craftsmen with numerous certifications [6] Collaboration Details - The ECD × CTC collaboration combines British design and parts engineering from CTC with ECD's full-vehicle craftsmanship, enhancing factory utilization and working capital velocity [4][5] - Vehicles will be assembled at ECD's facility using CTC's premium components, aiming for a new class of luxury builds [4] - This partnership allows ECD to expand its total addressable market while maintaining its craftsmanship and design standards [5]
ECD Automotive Design’s First Custom Porsche 911 Wins “Best in Show – European Modified Division” at Festivals of Speed 2025
Globenewswire· 2025-11-04 14:42
Core Insights - ECD Automotive Design, Inc. has achieved recognition for its Project Gravette Porsche 993, winning Best in Show – European Modified Division at the 2025 Festivals of Speed [2][4] - This marks ECD's first Porsche 911 build, showcasing the company's craftsmanship and design capabilities [3][5] - The company continues to expand its portfolio by adding Porsche 911s to its lineup of custom luxury vehicles [4][6] Company Overview - ECD Automotive Design specializes in restoring luxury vehicles, combining classic aesthetics with modern performance [7] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen [7] - Each vehicle is custom-built, requiring approximately 2,200 hours of labor, and is designed through a collaborative process with clients [7] Recent Achievements - Project Gravette joins other award-winning builds from ECD in 2025, including The Wellesley Commission Jaguar E-Type and Project Ghost Mustang, both recognized for their design and engineering excellence [5] - The recognition at the Festivals of Speed validates ECD's approach of blending heritage design with modern luxury [4][5]
ECD Automotive Design's Project Gravette Porsche Wins “Best in Show – European Modified” at the 2025 Festivals of Speed
Globenewswire· 2025-11-04 14:15
Core Insights - ECD Automotive Design, Inc. announced that its Project Gravette Porsche 993 won Best in Show – European Modified Division at the 2025 Festivals of Speed, showcasing the company's expertise in luxury vehicle restoration and customization [3][4][5] Company Overview - ECD is recognized as the world's largest Land Rover and Jaguar restoration company, specializing in bespoke luxury builds, including models like Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [3][6] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen and technicians with a combined total of 66 ASE certifications [6][7] - ECD's vehicles are fully bespoke, designed through a luxury experience, and hand-built over 2,200 hours by master-certified craftsmen [6] Recent Achievements - The Project Gravette Porsche 993 is ECD's first Porsche 911 customization and has quickly gained recognition for its design and craftsmanship [4][5] - The win at the Festivals of Speed validates ECD's ability to blend classic design with modern performance, enhancing the company's brand visibility and supporting its growth strategy across various channels [5] Product Portfolio - ECD's current restoration offerings include Land Rover Defenders, Land Rover Series IIA, Range Rover Classic, Jaguar E-Type, Ford Mustang, and Toyota FJ, with a focus on high-quality, custom luxury vehicles [6]
This Lotus Baby Blue Land Rover Defender 110 Is A Coastal Classic Built for Nantucket
Globenewswire· 2025-10-22 12:05
Core Insights - ECD Automotive Design has launched Project Nantucket, a bespoke Defender 110 Soft Top that emphasizes coastal sophistication and luxury [2][5] - The vehicle features a 6.2L LT1 V8 engine and a 10-speed automatic transmission, ensuring smooth performance [3] - Project Nantucket is handcrafted at ECD's Florida headquarters, symbolizing craftsmanship and the coastal lifestyle [6] Company Overview - ECD Automotive Design is a public company trading under ECDA on Nasdaq, specializing in restored luxury vehicles that blend classic aesthetics with modern performance [9] - Founded in 2013 by three British automotive enthusiasts, the company emphasizes high standards for quality and custom luxury vehicles [9] - ECD operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers with extensive certifications [9] Product Specifications - Project Nantucket features a Lotus Baby Blue exterior with Zermatt Silver accents, designed for both performance and elegance [2][4] - The vehicle includes modern amenities such as a touchscreen infotainment system with CarPlay, 360-degree camera view, and rear A/C [5][8] - Custom features include leather-wrapped seats, a unique stitch pattern, and a bespoke picnic blanket on the rear gate [8]
ECD Automotive Design Announces Satisfaction of Nasdaq Bid Price Condition
Globenewswire· 2025-10-14 12:05
Core Points - ECD Automotive Design, Inc. has regained compliance with Nasdaq's minimum bid price requirement, confirming a closing bid price of at least $1.00 per share for 16 consecutive business days ending October 9, 2025 [1][2] - ECD shares closed at approximately $2.72 per share on October 10, 2025, indicating a positive market response [2] - The company is working towards meeting additional listing conditions set by the Nasdaq Hearings Panel, specifically compliance with Nasdaq's equity standard by January 7, 2026 [3] Company Overview - ECD Automotive Design is recognized as the world's largest Land Rover and Jaguar restoration company, specializing in custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][4] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff members, including 67 craftsmen and technicians with a combined total of 66 ASE certifications [4] - ECD's vehicles are fully bespoke, designed through a luxury experience, and hand-built over approximately 2,200 hours by master-certified craftsmen [4]
ECD Automotive Design Unveils First Custom Porsche Build With Spectacular New Project Gravette
Globenewswire· 2025-10-09 12:05
Core Insights - ECD Automotive Design has launched Project Gravette, its first bespoke Porsche build, which is a modern reinterpretation of the classic Porsche 911 (993) [1][5] - The project combines the nostalgic elements of the 993 with modern performance and luxury features, showcasing ECD's craftsmanship [2][8] Company Overview - ECD Automotive Design is the largest restoration company for Land Rover and Jaguar, specializing in custom luxury builds [1][10] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen [11] Project Gravette Specifications - The vehicle features a turbocharged M64 engine producing an estimated 500 horsepower, paired with a 6-speed manual transmission [2][9] - The exterior is finished in Icy White gloss with Agate Gray metallic accents, and it includes custom decals and a wide-body stance [3][9] - Interior details include Recaro Cross Sportster CS front seats in premium black leather, a custom center console, and modern technology such as a floating touchscreen stereo [4][7][9] Design and Craftsmanship - Every aspect of Project Gravette is designed to enhance the driving experience, with meticulous attention to detail in materials and finishes [6][8] - The build process involves 2,200 hours of handcrafting by master-certified Automotive Service Excellence (ASE) craftsmen [11]
ECD Automotive Announces its Entry into the Porsche 911 Market
Globenewswire· 2025-10-08 12:05
Core Viewpoint - ECD Automotive Design, Inc. is entering the Porsche 911 restoration and customization market with the launch of Project Gravette, a bespoke Porsche 993, aiming to redefine the restomod industry and expand its luxury vehicle offerings [1][2][3] Company Overview - ECD is recognized as the world's largest Land Rover and Jaguar restoration company, specializing in custom luxury builds including Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][4] - The company was founded in 2013 by three British automotive enthusiasts and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen and technicians [4][6] Market Expansion - Driven by strong demand from its customer base, ECD is expanding into the Porsche segment, which is viewed as one of the largest and most lucrative markets within the restomod industry [2][3] - The company aims to offer faster build times compared to existing providers, leveraging its successful Mustang program as a model for this expansion [2][3] Product Offering - Project Gravette represents ECD's first Porsche 911 customization, emphasizing a one-of-one design experience that combines heritage performance with modern refinement [3] - The company focuses on low volume, high touch vehicles that command premium prices, enhancing its average selling price and operational efficiencies [3]
ECD Announces VIP Client Test Drives
Globenewswire· 2025-09-25 14:38
Core Insights - ECD Automotive Design has launched an exclusive VIP Test Drive program, allowing clients to experience custom-designed vehicles at their convenience [2][4] - The program is available within a 75-mile radius of ECD's locations, providing a personalized test drive experience with an ECD Ambassador [3][4] - ECD's facility, known as the Rover Dome 2.0, spans 100,000 square feet and features multiple production lines and specialized areas for vehicle restoration [6][10] Company Overview - ECD Automotive Design specializes in restoring luxury vehicles, combining classic aesthetics with modern performance [10] - The company was founded in 2013 by three British automotive enthusiasts and employs 105 skilled workers, holding a total of 80 ASE certifications [10] - Each vehicle restoration process takes approximately 2,200 hours, resulting in bespoke, one-off vehicles tailored to client specifications [10] Facility and Experience - The facility includes a dedicated paint area, parts warehouse, showroom, and offices, showcasing a commitment to high-quality craftsmanship [6][8] - ECD offers an open-door policy for facility tours, allowing clients and enthusiasts to witness the restoration process and meet the team [5][8] - The tour includes a detailed walkthrough of the build process and an onsite test drive of fully restored classic vehicles [8]
Corrected: ECD Automotive Design Granted Continued Listing by the Nasdaq Hearings Panel
Globenewswire· 2025-09-25 13:05
Core Points - ECD Automotive Design, Inc. has been granted continued listing on The Nasdaq Stock Market by the Nasdaq Hearings Panel, allowing the company to maintain its listing while addressing specific conditions [2] - The company has demonstrated encouraging financial momentum with record quarterly revenue and an expanded product offering [2] - ECD executed a $500 million equity line of credit and converted $13.7 million in debt to preferred equity, along with an additional purchase of $1.1 million in preferred stock [3] Company Overview - ECD is the world's largest Land Rover and Jaguar restoration company, known for custom luxury builds including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [2] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen with a combined 66 ASE certifications [4] - ECD focuses on creating fully bespoke vehicles, designed through a luxury experience and hand-built over 2,200 hours [4] Compliance Requirements - The company must demonstrate compliance with the minimum bid price requirement of $1.00 for ten consecutive trading days by October 1, 2025 [6] - ECD is also required to meet the equity standard of at least $2.5 million in stockholder equity by January 7, 2026 [6]
ECD Automotive Design Granted Continued Listing by the Nasdaq Hearings Panel
Globenewswire· 2025-09-22 12:05
Core Viewpoint - ECD Automotive Design, Inc. has received approval from the Nasdaq Hearings Panel to continue its listing on Nasdaq, contingent upon meeting specific conditions related to minimum bid price and equity standards [1][5]. Group 1: Company Overview - ECD is recognized as the world's largest Land Rover and Jaguar restoration company, specializing in custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][3]. - The company was founded in 2013 by three British automotive enthusiasts and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen and technicians with a total of 66 ASE certifications [3]. Group 2: Financial Actions and Compliance - To comply with the $1.00 minimum bid price requirement, ECD executed a 1-for-40 reverse stock split of its common stock on September 18, 2025 [2]. - In June 2025, ECD secured a $500 million equity line of credit and a lender converted $15.5 million in debt to preferred equity, along with an additional purchase of $1.1 million in preferred stock [2]. - The company aims to demonstrate compliance with the minimum bid price by achieving a closing bid price of $1.00 or more for ten consecutive trading days by October 1, 2025, and to meet the equity standard of at least $2.5 million by January 7, 2026 [5]. Group 3: Management Commentary - Scott Wallace, CEO and Co-Founder of ECD, expressed satisfaction with the Panel's decision, highlighting the company's recent financial results, which show record quarterly revenue and an expanded product offering [1].