Lee Iacocca directly addressed the answer to the fuel problem: it’s the hybrid car. The wave of the future is going to be a plug in, a good little hybrid with a plug in. Plug in at night in your garage, that will be the way we will go.
Lee Iacocca, former president of Ford and Chrysler, discussed the future of the American Automobile Industry on CNBC’s Tim Russert this weekend in speaking of his new book, Where Have All the Leader’s Gone. His answer was identical to ZAP’s: the hybrid electric car.
He wholly endorses Al Gore’s position and noted, “We have got to change our reliance on fossil fuel and fast.” He believes if plug ins work we will see a lot of action in this area in the next five years but hydrogen conversion is farther off. He believes we need an emergency type “Manhattan Project” on energy with a ten year goal.
ZAP is was ahead of the curve in this area and has been on target for years. The rest of the world if finally catching up.
Source: Zap Automotive
For more information, visit http://www.zapworld.com .
Source: ZAP
Contact: ZAP
Alex Campbell, 707-525-8658 ext. 241
acampbell@zapworld.com
http://www.ZAPworld.com
501 4th St.
Santa Rosa, CA 95401
Phone: 707-525-8658
Fax: 707-525-8692
About ZAP: ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. The Company recently launched a new portable energy technology that manages power for mobile electronics, like cell phones and laptops. For more product, dealer and investor information, visit http://www.zapworld.com.
Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company’s products, increased levels of competition for the Company, new products and technological changes, the Company’s dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company’s periodic reports filed with the Securi and Exchange Commission.
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