TATA MOTORS Ltd (NYSE:TTM) has started the commercial production of his air-pressured car, in France and India. The car can reach 68 Mph with an autonomy of 125 miles. The Air-car results of the association between a French engineer (Guy Nègre, and his society CQFD Air Solution), and the Indian Car company TATA Motors. They noticed that many people use their car for local driving at a speed under 40 Mph. This car appears more adapted to European and Asian cities and their small crowded streets. It will be tougher to sell it in North America, where people use their car for longer trips.
TATA expects to sell 6,000 air-vehicles by the end of 2008 at a price of $12,700 US. TATA sold 47,678 vehicles last year, increasing its exports of 16%. Mexico city also looks interested by the Air-car, to replace its 87,000 taxis, in the most air-polluted agglomeration in the World. The car manufacturer anticipated high-oil prices and a favorable legislation for little cars, especially in the EU. A low-price oil, consecutive to a world recession, and an action lead by the powerful big cars manufacturers lobby (Mercedes, BMW…) could be prejudicial for TATA Motors Ltd.
Source: http://www.bloggingstocks.com/2007/05/31/tata-motors-air-powered-car-green-portfolio-candidate/
http://www.xelopolis.com/dossiers/dossier_8_la+voiture+fonctionnant+air+comprime+.html
