ZAP – ZP
In September 2005, ZAP bought a 20 percent stake in Obvio ! . The new Obvio ! model was presented at the San Francisco International Auto Show in January 2006, at the Los Angeles Auto Show and the International Auto Show-Orlando in February 2006. ZAP, which is known as U.S. alternative vehicles dealer, is exclusive dealer of Obvio ! models in North America, not just the United States. As part of a strategic partnership between Obvio ! and ZAP has an office at the FNM Industrial Complex in Brazil where its Obvio ! partners and suppliers will also be present. To create a center for Obvio ! ’s manufacturing. The Duque de Caxias City Hall has offered 21 years rental of this industrial complex to Obvio ! at no cost. The new cars will be produced in a plant in Duque de Caxias, in the southeastern state of Rio de Janeiro. The plant will start operations in 2007 with investments of $25M ( 20.95 mln euro).
Because 4,000 or more jobs will be created to manufacture Obvio ! the Brazilian government is cooperating at the highest levels to make this successful. There will be no duty on the Obvio ! .
“There is a skilled workforce residing nearby the FNM , in Baixada Fluminense and Xerem. And we’ve settled a partnership with FUNDEC – Municipal Social and Technologic Development Foundation, to form and re-train the employees with SESI and SENAI support,” says Ricardo Machado, plant manager.
A former airplanes motor complex was given by the “Land & Lease Act” of the U.S. to the Brazilian government after the Second World War. It was used by the United States as a military bases for soldiers for refueling and maintenance. Later became the Alfa-Romeo Manufacturing facility for trucks and cars until it was sold to Fiat.
Now it is the new home of Obvio !
Steve Schneider, ZAP CEO stated: “The cooperation of the Brazilian government, the twenty-one year lease at no cost, the abundance of workers, and the new supplier driven support model all work together to create a profitable combination for Obvio ! We learned the ins and outs of importing vehicles to the United States and we are more than up to the challenge of manufacturing and distributing this vehicle of the future.”
http://www.ZAPworld.com
Sources:
Business NewsZAP and ZAP CEO Steven Schneider
501 4th St.
Santa Rosa, CA 95401
Phone: 707-525-8658
Fax: 707-525-8692
Forward Looking Statements Statements in this press release that relate to future plans or projected results of ZAP are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the “PSLRA”), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the ’safe harbor’ provisions of the PSLRA. ZAP’s actual results may vary materially from those described in any ‘forward-looking statement’ due to, among other possible reasons, the continued acceptance of ZAP’s products, increased levels of competition, new products and technological changes, ZAP’s dependence on third-party suppliers, intellectual property rights, and the realization of any of the other risks described in ZAP’s Annual Report on Form 10-KSB, or in any of ZAP’s other filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to put undue reliance on forward looking statements.
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