PARIS â€“ In addition to the $2,500 Nano and $100,000 Jaguars and Land Rovers, Tata Motors Ltd. is developing vehicles that run on compressed air, under a broad license from Motor Development International SA in Nice, France. Tata CEO Ratan Tata, himself, came to Nice to visit inventor and Managing Director Guy Negre and the tiny MDI, which has been developing cars that run on compressed air for a dozen years. The reported â‚¬18 million ($28 million) contract signed last year gave Negre a ...
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