DaimlerChrysler AG will invest more than $US940 million by 2004 to develop fuel cell technology, the automaker said on Tuesday (2/01/01).
The company said the investment comes because it expects governments to raise air pollution standards and expects fuel demand to rise, straining supplies.
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DaimlerChrysler will sell its first fuel cell vehicle, the Mercedes-Benz Sprinter van, this year. The company plans to build city buses with fuel cells in 2002 and passenger cars with fuel cells in 2004.
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