ZAP (motor company)

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The Zap Xebra 2007 Chicago Auto Show.

Founded in 1994, ZAP (short for Zero Air Pollution) is a publicly-owned corporation (stock symbol ZAAP, as listed on OTC Bulletin Board) located in Santa Rosa, California, which manufactures and markets various electric vehicles.

A factory is planned in Franklin, Kentucky which will manufacture ZAP cars, previously made in China, in the US.1

ZAP is a U.S. Department of Transportation (DOT) licensed manufacturer. The company manufactures and distributes, through auto dealers, the ZAP Xebra, an all electric car and truck. ZAP also currently makes electric power-assist system motor kits for bicycles using a friction roller against the wheel, as well as electric bicycles, electric ATV's and electric scooters.

Contents

Controversy

An article from Forbes magazine in June 2007 criticizes the company for over-issuing stock and failing to produce results or show significant profits.2

A feature article in the April 2008 issue of Wired alleged that "ZAP has taken millions from investors and dealers eager to see the company's line of green cars hit the road. But that line has never materialized."However according to reports filed with the SEC SECURITIES AND EXCHANGE COMMISSION. "ZAP FORM 10-KSB" (TXT) (in ENGLISH).

, ZAP has developed and sold thousands of electric vehicles, and several different models of electric cars.Other dealers however defend ZAP like Mark Higley on its website xebraworld, showing the company it is actually delivering street legal electric cars showing the controversy with the article.3

ZAP sold a lot of shares based on its intention to sell Smart cars, but that deal fell through, leading the Smart car's manufacturer to say that ZAP's behavior revealed "both the sham nature of its purported business and a lack of trustworthiness that is nothing short of stunning."4 Reports filed with the SEC show that ZAP did sell hundreds of smart carscitation needed, and filed a lawsuit against daimlerchrysler for business interference, and libelcitation needed.ZAP did indeed sell 300 smart cars, before Daimler/Chrysler interfered according to a lawsuit filed in Superior court of the county of Los Angeles in 2005.californiaappellate courts (21). "S162223" (in english).

CNN on its website CNN.com noted that ZAP has one of the five electric cars you can buy now.CNN (2008). "five electric cars".

Franklin, Kentucky

Construction began in late summer 2008 for a plant in Franklin, Kentucky. The plant will cover more than 225 acres and will cost an estimated $84 million dollars. Eventually the plant will supply roughly 4000 jobs for Kentucky when completed. 5 6

See also

References

  1. ^ Integrity to make ZAP electric cars in Simpson County
  2. ^ Jocks
  3. ^ Mark Higley (2005). "[www.xebraworld.com xebraworld]" (in ENGLISH). showing the company it is actually delivering street legal electric cars showing the controversy with the article. Sullivan, Randall (April 2008). "Hype Machine: Searching for ZAP's Fleet of No-Show Green Cars". Wired (Condé Nast Publications) 16 (04): 168–178. ISSN 1059-1028. OCLC 24479723, http://www.wired.com/cars/futuretransport/magazine/16-04/ff_zapped. Retrieved on 8 April 2008. 
  4. ^ Hype Machine: Searching for ZAP's Fleet of No-Show Green Cars
  5. ^ Electric car company coming to Franklin, Ky. retrieved October 14, 2008
  6. ^ ZAP electric car in Kentucky retrieved October 14, 2008

External links

Wikipedia content modification information:

  • This page was last modified on 2 December 2008, at 23:19.

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