Archive - May 10, 2004

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ZAP Signs $10 Million Exclusive Distribution Agreement for 60 MPG SMART® Car

Submitted by acampbell on Mon, 05/10/2004 - 20:00.
SANTA ROSA, California (May 11, 2004) - Transportation pioneer ZAP (OTC BB: ZAPZ) announced today that it has signed a $10 Million purchase agreement with SMART-Automobile LLC to be the exclusive distributor and licensed manufacturer in the United States for its 60-MPG SMART Car. With record gas prices hitting the U.S., officials at ZAP and SMART-Automobile are excited to be selling one of the most fuel-efficient cars on the planet. Reports indicate that SMART cars can achieve more than 60 miles per gallon in fuel economy, rivaling even hybrid gas-electric cars. SMART-Automobile president Thomas Heidemann says he believes the partnership with ZAP will allow them to jump-start U.S.-sales, with plans to distribute 15,000 units annually by 2005.

ZAP Signs $10 Million Exclusive Distribution Agreement for 60 MPG SMART Car

Submitted by nhayssen on Mon, 05/10/2004 - 20:00.
SANTA ROSA, California (May 11, 2004) - Transportation pioneer ZAP (OTC BB: ZAAP) announced today that it has signed a $10 Million purchase agreement with SMART-Automobile LLC to be the exclusive distributor and licensed manufacturer in the United States for its 60-MPG SMART Car.

With record gas prices hitting the U.S., officials at ZAP and SMART-Automobile are excited to be selling one of the most fuel-efficient cars on the planet. Reports indicate that SMART cars can achieve more than 60 miles per gallon in fuel economy, rivaling even hybrid gas-electric cars. SMART-Automobile president Thomas Heidemann says he believes the partnership with ZAP will allow them to jump-start U.S.-sales, with plans to distribute 15,000 units annually by 2005.