Click on image above for a high-res gallery of the Zap Xebra PK

A little addendum to lasts week's post about Zap's setback with its Kentucky plant. It had been reported that one problem with getting that plant started was that GE Capital withdrew its offer to buy $125 million in bonds for the factory. Instead, it seems that GE Capital never made such a promise, as both and the Louisville Courier-Journal are now reporting. This goes against the statements by Integrity Manufacturing CEO Randall Waldman that there had been a "verbal commitment" from GE. Integrity was to build the plant and produce Zap Xebras - and more, including the Alias - there. When the plant had its groundbreaking in September, Zap was bullish that the factory would "begin producing electric vehicles within 12 months and employ up to 1,000 people initially with the possibility of more in the future." There are still 10 months to go to figure this out and prove Zap right.

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X