Investor says it never made deal with ZAP cars

LEXINGTON, KENTUCKY - The lending subsidiary of General Electric Co. says it never made a commitment to a company that wants to build an electric car manufacturing plant in Simpson County.

A spokesman for GE Capital said there was no financial commitment made to California-based ZAP or its partner, Integrity Manufacturing of Shepherdsville.

Stephen White says reports that Norwalk, Conn.

-based GE Capital had pulled out of the project are false because GE Capital had not made a proposal to fund it.

White told the Lexington Herald-Leader and The Associated Press there was never a signed contract.

Randall Waldman, chief executive officer of Integrity, told the Herald-Leader he thought he had a verbal commitment for $125 million from GE Capital for the project and was later told there would be no funding.

Gov. Steve Beshear said in August the proposed plant would employ 4,000 workers.



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