Archive - Nov 15, 2007

LOS ANGELES, CA -- Nov 15, 2007 -- A lawsuit filed by California electric car maker ZAP (OTC BB:ZAAP.OB) against DaimlerChrysler, Smart GMBH and Smart Chairman Ulrich Walker is awaiting a decision before a Court of Appeal to proceed in California court. Yesterday the Court of Appeal for the State of California heard oral arguments on ZAP's claims against DaimlerChrysler, Smart GMBH and Smart Chairman Ulrich Walker. Specifically, the Court will decide whether ZAP's claims against these parties may proceed in the California courts. The trial court found in June of 2006 that no jurisdiction existed to permit California court to hear ZAP's suit. ZAP is confident that this procedural error will be reversed. A decision is expected within 90 days.