DaimlerChrysler AG co-Chairman Juergen Schrempp in March declared the race on to develop affordable fuel cell vehicles. There are two more competitors on the fast track after General Motors Corp. and Toyota Motor Corp. announced last week a five-year alternative fuel development alliance. The deal runs through 2004 and includes the development of electric, hybrid and fuel cell technology. “This agreement could define the future of the automobile,” says GM Vice Chairman Harry Pearce. ...
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