Corporate
Al Yousuf Group Provides a $10 Million Financing Arrangement for ZAP
Submitted by acampbell on Tue, 08/05/2008 - 05:33.
UPDATED: 8-5-2008 06:31 PDT
SANTA ROSA, California, USA and DUBAI, UAE (August 5, 2008) – Electric vehicle manufacturer ZAP (OTC BB: ZAAP) announced today that the Al Yousuf Group, a Dubai-based conglomerate and investor, is providing a $10 million financing arrangement for future working capital enabling ZAP to meet growing demand for its electric vehicles. The financing arrangement allows for advances by ZAP over the next few years.
Former Pirelli North America CEO Says Time Is Right for Electric Vehicles; Announces International Distribution With ZAP
Submitted by acampbell on Thu, 07/31/2008 - 19:06.
ROME, GA -- Jul 29, 2008 -- Former Pirelli Tire North America president and CEO Gaetano "Guy" Mannino, after a lifetime of association with the auto industry, is speaking out about electric car technologies and his recent business venture with ZAP (OTC BB:ZAAP.OB).
Mannino's company, Verdek, has agreed to be the distributor for ZAP in the state of Georgia, where Mannino's business is headquartered. However, in an interview this week with www.CEONEWS.tv, Mannino talks about his plans for ZAP in the US and abroad.
El Pollo Loco Rolls Out ZAP Electric Vehicles for Local Deliveries
El Pollo Loco Rolls Out ZAP Electric Vehicles for Local DeliveriesBEVERLY HILLS, CA -- Jul 8, 2008 -- As gas prices hit record levels again across the nation this week, restaurant chain El Pollo Loco is driving its marketing efforts in a new way -- literally -- through the rollout of two electric delivery vehicles from ZAP (OTC BB:ZAAP.OB).
CNN: 5 Electric Cars You Can Buy Today
Submitted by acampbell on Thu, 07/31/2008 - 19:00.
ZAP Xebra Electric Sedan
CNN did a round up of 5 electric cars that are available right now in the US. The five vehicles are an interesting selection, because if you look on the Internet it seems every car company has an electric car that they are already selling or that will come out over the next few years. So which is it? Are these the only five electric cars available right now? Or did CNN leave out a host of other vehicles?
Key Execs From Al Yousuf Group Visiting ZAP
Submitted by acampbell on Thu, 07/17/2008 - 17:01.
SANTA ROSA, CA -- Jul 17, 2008 -- Dubai's Al Yousuf Group has sent two key executives to electric vehicle pioneer ZAP (OTC BB:ZAAP.OB) this summer to explore synergies across their portfolio of transportation companies in which the Al Yousuf Group has invested.
Mr. Ashraf Saeed, the Chief Operating Officer for the Al Yousuf Group, is spending approximately a month at ZAP to explore more ways that Al Yousuf can support ZAP's ambitions in alternative transportation. Mr. Saeed has been cultivating the relationship with ZAP since contact was first made with the Al Yousuf Group.
