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Technology Stocks : HMC - Honda - a tech company?

HMC 30.56

+0.2%

1:16 PM EST

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To: Kid Rock who wrote ()	8/21/1999 12:41:00 PM
From: Rickmas	Read Replies (1) of 10

Honda Joins Race To Produce Pollution-Free Car Honda Motor Co said it will spend between 50 and 60 billion yen (between S$720 million and $864 million) to introduce a fuel-cell powered vehicle by 2003, joining DaimlerChrysler and other car makers in the race to make a viable pollution-free car. Japan's third-largest car maker plans to build 300 fuel-cell powered vehicles a year starting in 2003 for sale in Japan and the United States, said Mr Takeo Fukui, managing director in charge of research and development. The car -- to be based on the EV Plus compact electric sedan -- will run on fuel cells that will be lighter and more compact than those offered by Ballard Power Systems Inc, a leader in the field, he added. ...Honda's system will use methanol. "Fuel-cell vehicles will probably overtake gasoline- powered cars in the next 20 to 30 years," Mr Fukui said. June 3, 1999 Straits Times Singapore For more on fuel cells and hydrogen technology, please visit the California Hydrogen Business Council at ch2bc.org

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