Automotive Intelligence

News of  February 22, 1999


 


(the  HANDAR4.GIF.gif (182 Byte)  will lead you to the full article)                             Page 1 of 3

HANDAR4.GIF.gif (182 Byte)  New Venture Aims To Create World's First "Hydrogen Economy"
Wednesday, February 17, 1999 --Reykjavik -- An Icelandic consortium, Vistorka hf. (EcoEnergy Ltd.)., today signed a Co-operation Agreement with DaimlerChrysler, Norsk Hydro and the Royal Dutch/Shell Group for a joint venture to investigate the potential for replacing fossil fuels in Iceland with hydrogen and creating the world's first "hydrogen economy."

The joint venture, called the Icelandic Hydrogen and Fuel Cell Company Ltd., with an equity capital of $1 million, will test various applications using hydrogen or hydrogen carriers with fuel cells. One of the first results could be a hydrogen/fuel cell-powered bus service in Reykjavik, with additional projects being introduced between 2000 and 2002.

Fuel cells create their own electricity. Oxygen from the air and hydrogen fuel are combined in a chemical reaction which produces electricity and water. Overall vehicle efficiency can be improved by 50 percent with no exhaust emissions.

 

HANDAR4.GIF.gif (182 Byte)  Audi TT: production capacity stepped up further
Ingolstadt (ots) -In response to high demand for the Audi TT sports car, from mid-1999 Audi is to step up production capacity for this model from the originally scheduled 40,000 units a year to 50,000.

The production facilities at the Ingolstadt plant are currently being adjusted to accommodate the higher production totals. Investments in areas which typically prove to be bottlenecks, such as body production, are being topped up. Various measures in the field of work organization, such as additional shifts, are in addition planned. The TT assembly line at the Györ plant, in Hungary, will in future be in operation six days a week, to cope with the high level of demand. Through these measures, Audi is aiming to reduce the delivery time for the TT to an average of five to seven months.

Assembly of the Audi TT

Assembly of the Audi TT in Gyoer, Hungary

The TT Coupé was launched on the market at the end of October 1998. 13,682 of the Audi TT had been built by the end of last year. Audi currently has more than 20,000 orders on hand for this model. The market launch of the TT Roadster is scheduled for mid-1999.

 

George E. Murphy has been named General Marketing Manager of Ford Division

George E. Murphy has been named General Marketing Manager for Ford Division, the highest volume sales and marketing division in the automotive industry. His responsibilities will include development and implementation of marketing strategies and programs for all Ford brand cars, trucks, sport utilities and minivans sold in the United States.

George Murphy, Ford Division General Marketing

< next page >

© 1999 Copyright  Automotive Intelligence, www.autointell.com
All Rights Reserved .
For questions please contact editor@autointell.com

[Homepage] [ News] [ Companies] [ Management] [ Publications] [ Events] [ Careers]
[Services] [Discussion] [ Guestbook] [ Search]