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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells -- Ignore unavailable to you. Want to Upgrade?

To: David E. Smith who wrote (2302)	4/10/1998 9:18:00 AM
From: David E. Smith	Read Replies (1) \| Respond to of 5827

More Detail re Mazda - Is this Goldbug's big deal? Yesterday' Journal had this detail: Mazda In Ford Alliance For Development Of Fuel-Cell Tech TOKYO (Dow Jones)--Mazda Motor Corp. said Wednesday it will participate in a new alliance with Ford Motor Co. of the U.S., Germany's Daimler-Benz AG and Ballard Power Systems Inc. to develop fuel-cell technology for future automobiles. Ford, Daimler-Benz and Ballard together will invest about $700 million, consisting of cash, technology and assets, in the new alliance which aims to become the world's leading commercial producer of fuel-cell-powered drivetrains and components for cars, trucks and buses. A Mazda spokeswoman said there will be no financial participation on Mazda's part. Mazda is involved in the venture through its close relationship with Ford. Mazda is 33.4% owned by Ford. The spokeswoman added Mazda is studying what its role in the alliance will be, and that no concrete decisions have been made yet. Mazda has developed a fuel-cell electric vehicle, the Demio FCEV, using its own fuel-cell technology. The FCEV is considered to be an alternative next-generation electric vehicle with an on-board electric generator consuming hydrogen as fuel, unlike the conventional electric vehicle which utilizes an on-board battery as an energy source.