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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
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To: BMWIN who wrote (2742)6/15/1998 4:10:00 PM
From: BMWIN  Read Replies (1) of 5827
 
More from interactive.wsj.com

TOKYO (Dow Jones)--Japan's Toyota Motor Corp. (TOYOY or 7203)
on Friday denied a newspaper report that the automaker has agreed with
General Motors Corp. (GM) of the U.S. to develop jointly a range of
technologies aimed at protecting the environment.

But Toyota said the two automakers stand by their earlier announcement
that they plan to cooperate in developing an inductive charging system for
electric vehicles.

Citing sources at Toyota, the Nihon Keizai Shimbun reported in its Friday
morning edition that Toyota and General Motors have agreed to develop
technologies ranging from fuel cells for advanced low-pollution vehicles, to
methods for curbing carbon dioxide emissions and reducing noise and
greenhouse gases, to vehicle recycling.

"There has been absolutely no agreement" between Toyota and GM to
cooperate in such diverse environment-related technologies, said a Toyota
spokeswoman.

But she said the two automakers have been collaborating in many areas,
including the planned development of an inductive charging system. As
reported earlier in June, Toyota and GM said they will jointly develop an
inductive charging system for electronic vehicles based on the latter's
Magne-Charge inductive technology.
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