Archive - Nov 1, 2005

ZAP Files Legal Action Against DaimlerChrysler and Affiliated Companies

ZAP's Suit Relates to Converting and Marketing Daimler's ''Smart Car'' in the U.S.

SANTA ROSA, Calif.--(BUSINESS WIRE)--Nov. 1, 2005--Transportation pioneer ZAP (OTC BB: ZAAP) announced today that the Company will be proceeding with legal action against DaimlerChrysler (NYSE:DCX - News) and affiliated companies and individuals, serving a complaint that seeks in excess of $500 million in redress for a more than year-long campaign of misconduct perpetrated against ZAP by Daimler and Ulrich Walker, the then-CEO of its subsidiary Smart gmbh.