FREQUENTLY ASKED QUESTIONS


Last Updated: March 2008 AEST







1. When was Goy Advanced Automobile established and what is its legal structure?

Goy Advanced Automobile Pty. Ltd. was registered as a company with the Australian Securities and Investments Commission (ASIC) on the 18th of May 2006. We officially began work on the 1st of November 2006.



2. What is the present mode of operation?

Goy Advanced Automobile currently exists as a Project Team based in Sydney, Australia. Currently our team comprises of individuals from across the globe who contribute on a part time basis (similar to the Wikipedia team, but more official, with contracts detailling responsibilities and benefits). We will continue to operate in this mode until we have received enough funding to begin hiring full time employees.



3. What role did Lotus played when Goy Advanced Automobile first started?

In May 2007, we successfully raised the finance required to engage Lotus as our engineering consultant. A number of key Lotus staff such as the Design Engineer and Vehicle Integration Engineer were present to brief our team on important aspects of vehicle development. It was GOY's first step into the world of automotive manufacturing; the meeting helped us to put in place a strategy for entry into this highly competitive industry.



4. When will we start making cars?

Our current projection is that we should begin the construction of the design and manufacturing facility in Sydney by 2010 and completed by the the next year. Taking into account the initial design and testing phase, the first car could roll out of Goy Advanced Automobile’s plant by end of 2012. These dates may be revised as we progress further.



5. What is the short term and mid term goal of the company?

The short term goal (from 2008-2009) is to understand the niche market that GOY is targetting for high performance passenger vehicles, and put in place the correct launching strategy based on public feedback. During this phase GOY will also expand its current team.

Once the objective of the short term goal is completed, our mid term goal is raise the necessary capital to establish a medium-sized automotive design and manufacturing facility in Sydney Australia staffed by full time employees (as opposed to the current situation where the company is run by the part time Project Team). The Team Members will most likely be absorbed into the company as employees.



6. What about the long term goal?

Our long term goal is embodied in our Mission Statement.



7. Can you elaborate on the “lift the standard of humanity and justice across all nations” part of the mission?


The part of the statement is best explained in this sentence: 'Automobile is our passion, but charity is our mission' Unlike a normal company whose end goal and bottomline is profit making, GOY has a diiferent motivation. We love designing and building fast cars, so we decided that the best way to utilise our passion for the benefit of the world is to make awesome cars, sell them, and give away a signifcant amount to charities (nominations opened to the public. Check out the Blog page). We have decided that a fair minimum amount to give away would be 10% of our profit, and may increase this up to 33% in the future. For more info, see explanation on 'The Car With a Heart'.



8. What sort of cars will Goy Advanced Automobile design and build when its facilities are completed?


As stated in our design and engineering philosophy, GOY will be building a new class of vehicles we called LREV which stands for Lightweight Race Enhanced Vehicles. Every GOY car will be designed to have maximum power-to-weight ratio. Our initial production may use carbon fibre bodies and other advanced aviation materials as opposed to steel as used in mass manufactured cars. Couple that with rally level tuned ride and handling, we intend to create a machine that is simple, practical, fuel efficient yet exciting to drive. And of course, every GOY car will be aestheically styled to exude a sense of uniqueness, prestige and power.



9. What fuel type will the engine system use and what will be the capacity?


This is currently pending negotiation with our technology providers. The final choice of drivetrain would be revolutionary, to say the least



10. As a member of the general public, can I make suggestions to the GOY team pertaining to vehicle designs and features of the cars you will be building in the future?


Yes! In fact, we encourage you to tell us about your dream car! You never know... we may make it a reality! Click on our Blog page now.



11. I would like to get involved in the GOY vision to build the finest performance cars and make a positive impact in the world. Where do I start?


There are a number of ways you can be a part of the GOY vision. For more information, please click here. Alternatively, you may contact us to discuss your ideas. Contact details can be found here.


12. I would like to keep in touch with the progress of the GOY team, and perhaps consider playing a part in the future of your company. How do I do this?


The easiest way is to join the GOY Fan Club. Membership is free, and you will be kept updated on the latest and most exciting news about the progress of our team. There are also many other benefits reserved only for members. So sign up today!


* Note: GOY Fan Club membership is different from GOY Team Membership. GOY Fan Club is open for joining by the general public whereas the GOY Team Membership is for approved applicants only.


*****


If you have any unanswered questions, please feel free to contact GOY