eBay Suspends Smart Car Auctions Pending 'Americanization'.
Electric vehicle manufacturer ZAP recently announced that the online auction of its Smart Car was suspended last week when eBay officials found listings for Smart Car models that do not meet federal regulatory standards.
ZAP said it is still in the process of completing the "Americanization" process for the European microcar. The company noted that bidding for the 2003 model year car was over $27,000 when eBay halted trading on all Smart Car listings on December 15.
"Competitors are attempting to sell cars on eBay that do not meet federal regulatory compliance, and we want to ensure that every step we take meets the highest standards for the protection of consumers, vendors and shareholders," said ZAP chief executive officer Steve Schneider.
Contact: Alex Campbell, ZAP, phone 707-525-8658, e-mail acampbell@zapworld.com.
(EIN STAFF: 12/17)
