• 60-hr hartal continues slackly on 3rd day
  • Two Paribagh burn victims die
  • 4 killed in Sylhet road crash
  • Nine dead in Indian train fire near Mumbai
  • More smokers worldwide now: study
  • Train communications resume in Kishoreganj
  • Adilur, Elan indicted
  • 78 Jamaat activists held in Bogra
  • Expat killed in NY, suspect held
  • Gazette notification today
  • BNP not involved in minority assault: Mahbubur Rahman
  • Attacks on minorities could be suicidal: Obaidul Quader
  • 2-day remand to quiz Mahbub, Milon
  • Pre-poll violence victim dies in Chittagong
  • Gibson-Khaleda meeting at 7:30pm
  • MPs-elect to take oath Thursday
  • Ershad to take oath as MP: Raushan
  • Security for ‘O’ and ‘A’ Level examinees
  • Hunt down attackers of minorities: Nasim
  • Hasina quits Rangpur-6 for by-polls
  • Army officer killed in Ivory Coast
HOME  BUSINESS
  
Print Friendly and PDF

Toyota to launch ‘car of future’ in US in 2015

Agence France-Presse . Las Vegas

A ‘frankenstein vehicle’ is displayed during a Toyota press event at the Mandalay Bay Convention Centre for the 2014 International CES in Las Vegas, Nevada on Monday. — AFP photo
A ‘frankenstein vehicle’ is displayed during a Toyota press event at the Mandalay Bay Convention Centre for the 2014 International CES in Las Vegas, Nevada on Monday. — AFP photo

Toyota said Monday it planned to launch a fuel-cell car in the United States next year, declaring the hydrogen vehicle with zero emissions ‘the car of the future.’
Toyota Motor Sales vice president Bob Carter said the initial market will be California, together with an initiative to establish hydrogen refuelling stations in key regions of the state.
‘In 2015, we will bring this car to market,’ Carter said in the announcement at the Consumer Electronics Show in Las Vegas.
The vehicle, yet to be named, would be a ‘zero-emission, electric-drive, mid-size, four-door sedan.’
‘Functionally, this is a regular car,’ he added.
The streamlined design is to maximize oxygen intake for the fuel-cell process. It will be able to travel 300 miles (480 kilometres) on a single fuelling, which would take three to five minutes.
While carmakers have long touted the advantages of fuel cells, high production costs and a lack of fuel stations have held back the technology.
Carter said however that Toyota had been getting results from its major investments and added that ‘we believe we can bring it in at a very reasonable price for a lot of people.’
Government initiatives in California were making progress in getting hydrogen fuelling stations in needed areas, he added.
‘The issue of infrastructure is not so much about how many, but rather location, location, location,’ he said.
‘Fuel cells will be in our future sooner than many people believe... and in much greater numbers than anyone expected.’
Toyota unveiled a prototype last year at the Tokyo auto show, but on Monday offered more details for its plans for the US market.
Honda is also expected to roll out a fuel-cell car in the US market in 2015, and other automakers are working on the technology, which emits only water vapour as exhaust.
Honda already has a fuel-cell car, the FCX Clarity, available on a small scale in a limited number of markets.
Carter said that Toyota and California officials plan to add 20 new fuel stations by 2015 to the 10 existing ones. The goal is to have about 100 in the state, and to have a station within a six-minute drive of an owner’s home or business.
‘This infrastructure thing is going to happen,’ he said.
‘I believe this vehicle will be the car of the future.’
It is expected to launch in Japan at about the same time. 




Reader’s Comment

comments powered by Disqus
   

Four SCBs stopped lending from Tk 4,100cr recapitalisation fund

A file photo shows the headquarters of state-run Agrani Bank in Dhaka. The finance ministry has put a restriction on four SCBs to make fresh lending from the Tk 4,100 crore recapitalisation funds in an effort to tighten the bad lending culture of the struggling banks. — New Age photo
The finance ministry has put a restriction on four SCBs to make fresh lending from the Tk 4,100 crore recapitalisation funds in an effort to tighten the bad lending culture of the struggling banks. As the four state-owned... Full story

5-month pvt sector credit flow miles away from target

Credit growth in the country’s private sector achieved only 4.41 per cent in July-November of 2013 against a six-month target of 15.50 per cent as the businesspeople were reluctant to expand their business by taking finance... Full story

Political unrest propels inflation for 2nd month

A file photo shows labourers uploading food products onto the deck of a launch at Sadarghat terminal in Dhaka during a blockade programme enforced by the 18-party alliance. The inflation continued to rise in December due mainly to political unrest. — New Age photo
The overall point-to-point inflation and food inflation continued to rise significantly in December due mainly to political unrest including frequent blockades and hartals that broke down supply chain across the country, officials of Bangladesh... Full story

Paramount Textile violates rules in IPO fund use

Newly-listed Paramount Textile Ltd has repaid around Tk 21 crore loan to its shareholder Paramount Spinning from its initial public offering fund by dodging the capital market regulator, BSEC sources said. The company in its IPO... Full story

Tobit new AMTOB chief

Airtel’s chief executive officer Chris Tobit has been appointed the chairman of the Association of Mobile Telecom Operators of Bangladesh, said a press release. AMTOB is a trade body representing six mobile... Full story

Muhith turns down proposal for special fund for REHAB

Finance minister AMA Muhith on Wednesday turned down a plea by the real estate developers for creation of a special fund worth Tk 3,000 crore for the sector. Realtors under the banner of REHAB demanded... Full story

Merchant bankers oppose giving directors’ personal guarantee

Bangladesh Merchant Bankers Association opposed a fresh condition imposed by the Investment Corporation of Bangladesh which asked for personal guarantee from directors of merchant banks to release sanctioned fund... Full story

Demutualised DSE’s polls Jan 12

A file photo shows a rickshaw crossing the DSE building in Dhaka. — New Age photo
The Dhaka Stock Exchange board on Tuesday set January 12 to hold its next elections to elect four shareholding directors of the bourse from the first demutualised board, DSE officials said. The election commission... Full story

Ghulam gets contractual appointment as NBR chair for 1yr

The government has given contractual appointment to the National Board of Revenue chairman Ghulam Hussain for next one year. In a gazette notification, the ministry of public administration on Tuesday... Full story

Stocks positive on monetary policy hope

Dhaka stocks returned to positive zone on Tuesday after decline in the previous trading session with increase in turnover due to a media report that the central bank might declare relaxed monetary policy for January-June period which made investors optimistic. Full story

Vietnam eyes export boost on FTAs

The signing of free trade agreements, which are expected to conclude in 2014, will contribute to boosting exports of Vietnamese commodities, said an official of Vietnam’s industry and trade ministry. Tran Thanh Hai, deputy general... Full story

Toyota to launch ‘car of future’ in US in 2015

A ‘frankenstein vehicle’ is displayed during a Toyota press event at the Mandalay Bay Convention Centre for the 2014 International CES in Las Vegas, Nevada on Monday. — AFP photo
Toyota said Monday it planned to launch a fuel-cell car in the United States next year, declaring the hydrogen vehicle with zero emissions ‘the car of the future.’ Toyota Motor Sales vice president Bob Carter said the initial market... Full story

China to allow fully private banks this year

China will allow three to five fully private banks to be set up this year as part of efforts to further open up the sector, the banking regulator said. At a work conference on Monday, the China Banking Regulatory Commission... Full story

Ghulam gets contractual appointment as NBR chair for 1yr

The government has given contractual appointment to the National Board of Revenue chairman Ghulam Hussain for next one year. In a gazette notification, the ministry of public administration on Tuesday said that the... Full story

Apple posts $10b sales in 2013

Apple Inc said on Tuesday that its customers spent $1 billion on purchases in its applications store in December, leading to a total of $10 billion worth of apps sold in 2013. Apple reported app downloads of almost 3... Full story

Rupali Bank gets new DMD

Kazi Md Neyamat Ullah was on Monday promoted to deputy managing director of state-run Rupali Bank, said a news release. Prior to the new assignment, Neyamat was working as general manager of the bank. Full story

Dollar rises in Asia after mixed US data

The dollar rose in Asia Tuesday following a mixed set of US economic data, as investors await key jobs figures later in the week and ahead of the release of minutes from the Federal Reserve's latest policy meeting. Full story

Market Disclosures

Saiham Textile The company has informed that the cash dividend for the year ended on June 30, 2013 has been credited to the respective shareholders' BO accounts through Bangladesh Electronics Fund Transfer Network system and dividend warrant (folio) has been... Full story
  • Online Poll


    Do you think that the government has successfully brought back normalcy in public life after the January 5 elections?

    • Yes
    • No
    • No comment
    Ajax Loader