ZAP Files Chapter 11Bankruptcy

Company blames high cost of patent protection.

Published: 03-Mar-2002

LOS ANGELES, March 1 - Electric vehicle maker ZAP said on Friday it has filed for Chapter 11 bankruptcy protection.

In a form filed with the U.S. Securities and Exchange Commission, Sebastopol, Zap said it has filed for voluntary bankruptcy protection in federal court in Northern California.

The company said it expects to continue filling orders and honoring warranties during the bankruptcy restructuring.

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