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Non-Tech : ZAPP:ELECTRONIC VEHICLE MAKER
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To: Done, gone. who wrote (29)6/6/2005 12:48:50 PM
From: Done, gone.   of 33
 
[DaimlerChrysler head of Smart] Walker rejected a $1 billion order for Smart cars placed last month by U.S. car customizer ZAP (ZAPZ.OB: Quote, Profile, Research) . The order for July 2005 delivery would have covered around 76,000 Smarts, a volume that the company makes in half a year.

Walker said he was concerned the model might face liability lawsuits given the current lack of U.S. certification and that he was wary about ZAP's financing of the deal.

"We do not want to and will not have business ties to ZAP in any way," he said.

yahoo.reuters.com
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