ZAP (ZAAP) Increases Workforce as Electric Car Sales Accelerate
ZAP (ZAAP.OB), a California-based alternative energy pioneer, has had to increase its workforce by 30% to keep up with increased demand for its Xebra (pronounced “zebra”) electric car. ZAP overall sales have jumped 88%, due primarily to sales of the small but street-legal all-electric vehicle, available in sedan and truck versions. "While most U.S. automakers are laying off workers and facing declining sales, ZAP is experiencing record growth," said CEO Steve Schneider. "We are proud that ZAP is one of the few companies selling cost-effective, plug-in transportation today." He added that ZAP is launching new electric vehicles this quarter. ZAP…