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ECD Automotive Design Introduces the Heritage Product Line
Globenewswire· 2026-01-13 14:20
Core Insights - ECD Automotive Design launches a new Heritage Product Line focused on authentic Land Rover Defenders, priced from $159,995, aimed at purists who appreciate the vehicle's original character and simplicity [3][5][9] Product Specifications - The Heritage line features rebuilt original TD5 diesel engines producing 122 horsepower, paired with a five-speed manual transmission and full-time four-wheel drive [4][11] - Available in Defender 90 and Defender 110 configurations, the vehicles maintain classic aesthetics with traditional Land Rover colors and heavy-duty steel wheels [6][11] - Interior design emphasizes utility with classic dashboards, black vinyl seating, and practical seating layouts for both Defender models [7][11] Modern Features - Subtle modern conveniences include under-dash air conditioning, Bluetooth audio, USB charging ports, and LED lighting, designed to enhance the driving experience without compromising the vehicle's analog feel [8][9] Company Background - ECD Automotive Design, a public company trading under ECDA on Nasdaq, specializes in restoring luxury vehicles, combining classic aesthetics with modern performance [12] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 95 skilled craftsmen [12]
ECD Automotive Design Introduces the Heritage Product Line
Globenewswire· 2026-01-13 14:20
Core Viewpoint - ECD Automotive Design launches a new Heritage Product Line for Land Rover Defenders, emphasizing authenticity and simplicity, with prices starting at $159,995 [3][5]. Product Features - The Heritage line includes rebuilt original TD5 diesel engines producing 122 horsepower, paired with a five-speed manual transmission and original transfer case, ensuring a driving experience true to the Defender's roots [4][5]. - Each vehicle features new OEM fuel systems, aluminum cooling with electronic fans, stainless steel exhausts, and new Land Rover fuel tanks, maintaining reliability while preserving the original design [5]. - The exterior design adheres to classic Land Rover aesthetics, with traditional colors, 16-inch Wolf heavy-duty steel wheels, and classic hardware, creating a familiar silhouette [6]. Interior Design - Interiors are designed with traditional elements, including a classic TD5 dashboard, Momo Prototipo steering wheel, and utility-focused seating layouts, with the Defender 110 offering a nine-seat configuration and the Defender 90 configured for six [7]. - Modern conveniences are subtly integrated, including under-dash air conditioning, Bluetooth audio, USB charging ports, and LED lighting, enhancing functionality without compromising the analog driving experience [8][9]. Customization Options - The Heritage line offers various upgrade options, such as a wide-body kit, performance exhausts, and different interior materials, allowing customers to personalize their vehicles while honoring the Defender's legacy [9][11]. Company Background - ECD Automotive Design, a public company trading under ECDA on Nasdaq, specializes in restoring luxury vehicles, combining classic aesthetics with modern performance, and operates from a 100,000-square-foot facility in Kissimmee, Florida [12].
ECD Automotive Design(ECDA) - 2025 Q3 - Earnings Call Transcript
2025-11-24 22:32
Financial Data and Key Metrics Changes - ECD Automotive Design reported third-quarter revenue of $5.8 million, a decrease of $1.2 million compared to Q2 2025 and a decrease of $0.6 million year-on-year [24] - Gross profit for the quarter was negative $1.7 million, down $3.1 million from Q2 2025 and down $3.7 million from Q3 2024, primarily due to the completion of older builds [24] - Total operating expenses were $3.4 million, a decrease of $0.6 million from the prior quarter but an increase of $0.8 million from Q3 2024 [26] - Loss from operations was $5.1 million, an increase of $2.5 million from the prior quarter and $4.5 million from the prior year period [27] - Net income was $2.2 million compared to a net loss of $4.3 million in the prior quarter and a net loss of $2.6 million in Q3 2024, attributed to non-cash fair value gains from debt conversion [27] Business Line Data and Key Metrics Changes - The company focused on clearing production of older vehicles, which impacted gross margin, but is now shifting to new client builds with healthier economics [10] - The average selling prices of completed vehicles range between $300,000 and $400,000, with almost 700 vehicles completed to date [9] Market Data and Key Metrics Changes - ECD operates in a $90 billion-plus global classic car ecosystem, with a capital-light model and scalable manufacturing [7] - The company is expanding into high-demand segments, including Porsche 911 restorations, which are expected to elevate average selling prices and drive efficiencies [14] Company Strategy and Development Direction - ECD is diversifying its product offerings and has recently entered the Porsche market with a bespoke Porsche 911 restoration program [13] - The collaboration with Chelsea Truck Company aims to create modern luxury builds, expanding the total addressable market and leveraging existing factory capacity [18] - The company is also opening a second channel through partnerships with dealerships to offer ECD upgrade packages on new vehicle purchases [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged elevated costs from tariffs and shipping, but is implementing measures to optimize sourcing and reshape vendor strategies [10] - The company remains confident in achieving NASDAQ compliance by early 2026 and is focused on executing its growth strategy to deliver long-term value to shareholders [23][30] Other Important Information - ECD received an extension until January 26 to resolve bid price and shareholder equity deficits [23] - The company has initiated sales of common stock under an equity purchase facility agreement, providing capacity for up to $300 million in common stock sales [29] Q&A Session Summary Question: What is the company's strategy for compliance with NASDAQ? - The company is diligently working to resolve bid price and shareholder equity deficits and remains confident in achieving compliance early in 2026 [23] Question: How is the company addressing elevated costs? - Management is evaluating opportunities to reduce shipping and tariff expenses while optimizing sourcing and vendor strategies [10] Question: What are the expectations for the Porsche 911 program? - The company expects to deliver additional Porsche 911 commissions next calendar year and believes this segment could become a meaningful contributor to its offerings [16]
Jaguar Land Rover Restarts Production; Provides Lifeline to Critical Suppliers
Yahoo Finance· 2025-10-07 15:57
Manufacturing Restart - Jaguar Land Rover (JLR) has restarted manufacturing after a cyberattack that halted production for over a month, beginning with two plants in the West Midlands [1] - Employees are returning to work at stamping operations in Castle Bromwich, Halewood, and Solihull, as well as body and paint shops in Solihull [2] Production Plans - JLR plans to restart vehicle manufacturing in Nitra, Slovakia, and reopen Range Rover lines in Solihull this week, with Halewood plant next in line [3] Financial Impact - The cyberattack has cost JLR nearly $7 million in profits daily, pushing some suppliers to the brink of collapse [3] - JLR's Q2 FY26 sales figures show wholesales down 24.2% and retail down 17.1% compared to the same period last year, impacted by the cyber incident and the wind down of legacy Jaguar models [7] Supplier Payment Initiatives - JLR has introduced a new financing scheme to pay suppliers upfront, improving cash flow by accelerating payments by up to 120 days compared to standard terms [5] - The company will reimburse financing costs for suppliers participating in the payment program during the restart phase, starting with critical suppliers [6]
ECD Unleashes Its Most Powerful Defender Yet
Globenewswire· 2025-05-13 12:15
Core Insights - ECD Auto Design has introduced a new 700+ horsepower BLUEPRINT V8 engine, available as an upgrade for the Defender lineup and Range Rover Classic builds, marking a significant enhancement in performance options for luxury SUVs [2][9]. Company Overview - ECD Auto Design is a public company listed on NASDAQ under the ticker ECDA, specializing in the restoration of luxury vehicles, combining classic aesthetics with modern performance [10]. - Founded in 2013 by three British automotive enthusiasts, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen with extensive certifications [10]. Product Development - The new BLUEPRINT V8 engine is a response to client demand, integrating decades of experience with LS-based drivetrains to deliver a powerful yet classic driving experience [3][4]. - Key upgrades for the 700+ HP configuration include a new front-end rotating assembly, enhanced cooling systems, upgraded transmission and differentials, and refined ECU tuning [7][5]. Market Positioning - The 700HP option is designed for clients seeking a blend of classic design and modern performance, appealing to performance-focused collectors and luxury clients [9][8]. - ECD emphasizes a bespoke process, allowing clients to customize their vehicles extensively, with each build taking approximately 2,200 hours to complete [10].
EF Hutton Acquisition I(EFHT) - Prospectus
2024-01-18 17:25
(State or other jurisdiction of incorporation or organization) As filed with the U.S. Securities and Exchange Commission on January 17, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ECD Automotive Design, Inc. (Exact Name of Registrant as Specified in its Charter) Raymond Cole Chief Financial Officer 4390 Industrial Lane Kissimmee, Florida 34758 Tel: (407) 483-4825 (Name, Address, Including ...