Friday, June 01, 2007

 

Israel, Jordan to build cars together - Israel Money, Ynetnews

Israel, Jordan to build cars together - Israel Money, Ynetnews: "Informal talks on the same issue, which involved executives from Renault and Toyota, were also held in Davos. Toyota has set high environmental standards in car manufacturing with its Prius hybrid electric-and-gas vehicle, and is now enjoying the returns of that investment with global initiatives such as the Peace Valley car factory.

One of the leading figures in this joint project is Shai Agassi, former chief technology officer of the software giant SAP AG. After quitting SAP earlier this year, Agassi claimed he wishes to concentrate on 'green' issues. According to Agassi, Israel should attempt to be independent of oil within 10 years. An electric car industry would be an indispensable step towards achieving such a goal. "

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