News from Associated Press:
Record high oil prices might seem like bad news for pretty much anyone in the auto industry, but one European car maker is hoping 50-dollar crude wasn't just a one-time spike.
Luxembourg-based Moteur Developpement International is gearing up for the launch of its Air Car line: cars that run on compressed air.
"It's safe, doesn't pollute, doesn't explode, it's not poisonous and it's not expensive," said MDI representative Sebastien Braud on Wednesday.
The company says the cars will initially go on sale in France, where the first assembly line is due to start production in the middle of next year.
The MiniCATS three-seater compact, a commercial version of a prototype showcased at the 2002 Paris Motor Show, will be priced at euro8,000 (US$9,850). The CitiCATS six-seater sedan will retail for euro13,000 (US$16,000).
In both cars, an electric pump compresses air into the tank at a pressure of 300 bars. The pump plugs straight into an ordinary household socket and takes four hours to complete the recharge.
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