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Stock impact report

GreenPower Provides Business Update and Reports Second Quarter Fiscal 2025 Results [Yahoo! Finance]

GreenPower Motor Company Inc. - Common Shares (GP) 
Company Research Source: Yahoo! Finance
VANCOUVER, BC Nov. 14, 2024 /CNW/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today reported its second quarter fiscal year 2025 results and provided an update on its manufacturing operations. "GreenPower spent the quarter advancing the school bus production process at its West Virginia facility by setting up an oversized paint booth and establishing production stations to increase throughput in order to meet customer orders and demands," said GreenPower President Brendan Riley . "The increase in production coupled with manufacturing process improvements is expected to result in higher gross profit margins and cost reductions on a per unit basis as throughput improves." Riley said that the Company has been systematically increasing Show less Read more
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