ECD Auto Design To Acquire Brand New Muscle Car Assets To Be Valued At $1.5M On The Date Of Issuance.
Portfolio Pulse from Benzinga Newsdesk
ECD Auto Design (NASDAQ:ECDA) announced its acquisition of assets from Brand New Muscle Car valued at $1.5M, marking its first acquisition as a public company. This move allows ECD, a leader in Land Rover and Jaguar restorations, to enter the classic American muscle car market, including bespoke Ford Mustangs. The acquisition aims to leverage ECD's Orlando manufacturing facility to expand into the $15 billion high-end and collectible car market, targeting the ultra-high net worth demographic with unique restomod opportunities.
April 04, 2024 | 12:33 pm
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ECD Auto Design's acquisition of Brand New Muscle Car assets for $1.5M expands its market into classic American muscle cars, including bespoke Ford Mustangs, leveraging its Orlando manufacturing facility.
The acquisition of Brand New Muscle Car assets by ECD Auto Design (ECDA) is a strategic move to diversify its product offerings and enter the lucrative classic American muscle car market. This expansion is likely to attract attention from investors and car enthusiasts alike, potentially driving up ECDA's stock price in the short term. The company's ability to leverage its existing manufacturing capabilities in Orlando to produce bespoke Ford Mustangs and other classic American cars could significantly enhance its market position and appeal to a broader customer base, especially among the ultra-high net worth population.
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