DETROIT, March 4, 2011 /PRNewswire/ -- New Motor Advisors, LLC, a new Michigan firm engaged in automotive product development consulting (http://newmotoradvisors.com) and AMP Holding Inc. (OTC Bulletin Board: AMPD), a company engaged in the emission-free electrification of OEM vehicles, have signed a contract for New Motor Advisors to assist AMP in automotive product development strategy and execution planning.
"New Motor Advisors is pleased to bring our depth of automotive product development experience to AMP," said Dave Stenson, New Motor Advisors Founder and President. "We have over 200-years combined experience in our direct and extended expert network to assist established or start-up companies like AMP."
New Motor Advisors brings knowledge to companies that have a value proposition for the market but have limited experience specific to automotive product development. It is wise for these companies to be linked to the available automotive infrastructure to achieve their vision. This is especially common with electric vehicle programs (Hybrids, Battery Electric Vehicles (BEV), Plug-in Hybrids (PHEV)) and other green technologies. AMP is a company that has recognized early the advantage of combining the entrepreneurial vision with the automotive experience base.
"We are on an aggressive path toward commercialization of our vehicle conversions for several customers through development and integration of our all-electric propulsion system," said Jim Taylor CEO of AMP. "The New Motor Advisors team brings added depth of automotive experience we can leverage at this stage of our development."
About New Motor Advisors
New Motor Advisors, LLC was founded in 2010 to bring executive-level automotive product development experience to companies new to the industry or established companies that have the capability but are short on capacity. New Motor Advisors can also assist automotive M&A advisors or new technology investors with due diligence evaluations. Other potential clients may need strategies or plans for establishing U.S. operations or developing products to enter the U.S. automotive vehicle or part supply market. To learn more regarding New Motor Advisors, visit: http://newmotoradvisors.com .
To learn more regarding AMP, visit their website at www.ampelectricvehicles.com.
SOURCE New Motor Advisors, LLC