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Tue, March 10, 2009 ZAP: Jobs Stay a Priority in Kentucky With Electric Cars From ZAP
SANTA ROSA, CA--(Marketwire - March 10, 2009) - Steve Schneider, CEO of electric transportation pioneer ZAP (
Schneider acknowledged ongoing talks with Franklin-based ZAP Motor Manufacturing Kentucky led by CEO Gary Dodd and his new management team to build and assemble several of ZAP's best-selling electric vehicles. Schneider said Dodd and his senior executive staff, with extensive experience in building factories for Toyota, Mercedes and other automotive projects, can create jobs and help stimulate the Kentucky economy.
"We are supportive of ZAP Motor Manufacturing Kentucky's efforts to manufacture ZAP vehicles," said Schneider. "This opportunity to expand US manufacturing will enable ZAP to bring a broader line of practical and affordable electric vehicles to market." Schneider further stated a Kentucky manufacturing location would enable the Company to shorten its supply chain and better control costs for US consumers.
"Kentucky's auto industry has been hurt hard by the recent economic downturn and we are particularly grateful to the Governor and State of Kentucky, local officials, and the Department of Energy for their cooperation and encouragement in moving this project forward," said Schneider.
About ZAP
ZAP has been a leader in electric transportation since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. ZAP manufactures a line of electric vehicles, including electric city-cars and trucks, motorcycles, scooters, bicycles, and ATVs. ZAP sells some of the only electric city-speed cars, trucks and vans in production today and is developing a freeway capable electric vehicle called the ZAP Alias. For product, dealer and investor information, visit [ http://www.zapworld.com ].
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
