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Top executives Zap-ped at three-wheel electric carmaker

by Jon LeSage (RSS feed) on Jan 4th, 2013 at 9:52AM

Chinese parent company Zap Jonway has ousted top executives at California-based Zap, a maker of specialized electric vehicles. On the last day of 2012, Zap's board of directors removed Priscilla Lu as chairman and all other duties Lu had been responsible for at any of Zap's subsidiaries or joint ventures. As part of the company's 8-K tax federal filing, Zap also announced removal of Goman Chong from all positions held on board committees, Michael Ringstad as controller and Charles Schillings as co-chief executive officer. Zap eliminated the dual positions of co-CEO and confirmed Alex Wang... Read More

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