Not-so-shocking admission: Zap kills Xebra, slows development of Alias

Discussion in 'Other Cars' started by a_gray_prius, Nov 30, 2009.

a_gray_prius Rare Non-Old-Blowhard Priuschat Member

Joined:

Jun 13, 2008

2,927

783

0

Location:

IL

Vehicle:

2008 Prius

Model:

N/A

Not-so-shocking admission: Zap kills Xebra, slows development of Alias — Autoblog

Our sleuthing colleagues over at The Truth About Cars have dissected electric car maker Zap's latest 10-Q filing, and they unearthed the following little tidbit: "The decrease of $1.5 million (in revenue) is primarily due to the phase out of our three wheeled Xebra vehicle with reduced selling prices."

We can't say that we're particularly shocked that Zap has found it difficult to continue moving its little three-wheeled Xebra contraption, especially with discretionary spending money in such short supply these days and reasonably-priced hybrids flooding the used car market. Perhaps even more damning for Zap, though, is the admission that it is doing "less work on the development of the Alias prototype vehicle."
Click to expand...

#1 a_gray_prius, Nov 30, 2009

(You must log in or sign up to post here.)