GM and Toyota end collaboration on fuel cells
Date: 4 Mar 2006
General Motors and Toyota have ended their partnership on the development of hydrogen-powered cars. They have signed a technology-sharing pact that does not include fuel cells but focuses instead on safety.
The two companies have been collaborating on the next generation of cleaner fuel vehicles for the last seven years. They have been unable to agree terms for sharing the intellectual property behind the development. The move will mean that General Motors, which has been under considerable pressure due to falling sales, will have to take the full cost of development onto itself.
Hydrogen powered fuel cells remain the great hope for the industry, giving the potential for zero harmful emissions from motor cars. At the current state of the technology, hydrogen cannot be produced in sufficient quantity.
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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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