Fresh Start For Swatch
BERN, June 3 (AFP) - Novelty watchmaker Swatch has signed
an agreement with a major French car manufacturer to develop a
vehicle powered by both electricity and gasoline, the group's
chief executive Nicolas Hayek announced Thursday.
He said the terms of the deal to produce the so-called hybrid vehicle
prevented him from revealing the name of the car manufacturer.
The SwatchMobile system developed by Swatch will be "built into
a small car", said Hayek.
The car will have a normal gasoline engine, but can also be powered
by 10 kilowatt electric motors which are recharged by the engine.
Prototypes are already being driven on the streets of Bern.
In November, Swatch pulled out of a project to manufacture a similar
vehicle, the Smart, developed by German group Daimler-Benz.
Swatch Group has also struck a "gentleman's agreement" with a major
US car manufacturer, said Hayek, without giving further details.
To find out about a new form of personal
urban transportation please visit the Information Pages of the National
Station Car Association at http://www.stncar.com
which are updated