ZAP makes offer on Ford electric vehicles
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 01 Nov 2002 20:22
Electric vehicle maker ZAP has announced an offer to acquire Ford’s Think electric vehicle assets.
The offer is for up to $10 million in cash, stock, or warrants and follows reports that Ford has shut down the Think project after spending $123 million, citing poor customer demand and lack of government support for the cars.
“Ford has said it’s disappointed in sales and yet the car has never been offered for sale in the USA,” said Dr. Nick Carter, president of the San Francisco chapter of the Electric Auto Association. “They have also said there is a lack of government support, yet an EV for sale in California this year is eligible for up to $9,000 in state rebates.”
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Related Content
Guest Editorial: Checklist - Seven Recommendations for Improved Profits
by Abbott A. Imberman, PhD, Professor of...
more…
FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…
Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 – TradeCard Inc., the...
more…
Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) – Kimberly-Clark...
more…
Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…
no comments yet...