GM and Toyota explore hydrogen collaboration
Date: 12 May 2005
According to the Financial Times, General Motors and Toyota are in advanced discussions to explore a joint initiative to speed the development of hydrogen-powered cars.
The two companies are said to be aiming to share the heavy costs of developing hydrogen power into a commercial proposition.
Hydrogen power is widely seen as the ultimate future for motorised transport, but considerable technical obstacles remain to be overcome in exploiting it. In addition to the costs associated with perfecting the application of the technology within the cars themselves, huge investment will also be required to create distribution facilities alongside the existing petrol station network.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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