SOURCE: GT Legend Automotive Holdings, Inc.

March 02, 2009 11:19 ET

GT Legend Automotive Holdings, Inc. Announces the "Electric Driveshaft"

FULLERTON, CA--(Marketwire - March 2, 2009) - GT Legend Automotive Holdings, Inc. (PINKSHEETS: GTLA) announces the development of the "Electric Driveshaft." Electric cars have a big role to play in reducing the world's greenhouse gas emissions. Electric vehicles could realistically make up a significant fraction of the world's car market in the foreseeable future. About 11 million hybrid and 3 million electric vehicles will be sold globally in 2020. They will make up 28% of those sold in the world's biggest markets. The cost of creating an automotive market dominated by electric and hybrid cars is prohibitively high. The government alone will need to spend about $70 billion in industry support says the Boston Consulting Group, a management consulting firm. Most of that money would go to help the auto industry engineer and manufacture the vehicles and to provide cash incentives to offset their high costs to consumers. These investments will require a firm commitment to reducing greenhouse gases, according to the report, regardless of cost. If cost-effectiveness were the goal, improving the performance of today's internal combustion engines would be the best option.

Using technologies like the GT Legend Automotive performance "Electric Driveshaft" hybrid conversion, the consumer could see an additional 150 HP and over 400 ft lbs of torque while still embracing his performance or economy gas engine and potentially receiving over 100 MPG as a commuter driving up to 60 miles per day and 45 MPG on the highway per 250 mile trip when in economy mode, all while decreasing their green house gas footprint by 90%.

Hybrid cars today cost about $7,000 more to produce than similar non-hybrid models. While some consumers will pay more for electric cars even if they don't make it up in fuel savings, most won't, due to the lack of appearance and appeal. The average red blooded American, though conscience of the environment wants and demands a performance car. GT Legend Automotive's "Electric Driveshaft" is ideal for almost all rear wheel drive cars and light trucks. Initially focusing on the 2009 Mustang, the New Camaro, and the exciting New Dodge Challenger, small SUVs and truck versions will be available as well.

The focus of the company is to establish strategic alliances designed to put distributors throughout the nation via a licensing agreement with GT LEGEND AUTOMOTIVE. GT Legend Automotive is currently establishing recognition and high acclaim within the ever increasing demands for performance Hybrids and alternative automobiles and light trucks.

GT Legend Automotive's innovative program will provide an exciting new product to the performance car world with a much needed product that is innovative and patented.

This much less expensive patented device is an electric driven drive shaft that replaces the OEM drive shaft. It is made of a sequence of brushless motors that can deliver a range anywhere from 10 HP to 150 HP. When more Voltage is applied to the electric drive shaft you will see increased performance gains.

With GT Legend Automotive's "Electric Driveshaft" you will be able to "drive the car of your choice" with out giving into the small aesthetically challenged vehicles being marketed now.

About GT Legend Automotive Holdings, Inc.

GT Legend Automotive Holdings, Inc. is a Nevada corporation developed to meet the growing needs of the ever-changing automobile after market and to introduce a patent pending "Green Energy" conversion for cars and trucks, that is expected to increase mileage while adding horsepower and reducing emissions. With a combined 40 plus years in the industry, the management of the company are forward thinkers who see the challenges within the industry and have not only kept up with the changes but are on the cutting edge of technology and innovation.

SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.

Contact Information

  • Investor Contact:
    Mike Bacon
    714-655-7926