Swatch mulling car that runs on hydrogen,oxygen: chairman

"We already have a test-car with a fuel cell," the firm said.

The world’s biggest watch company Swatch is looking at building a car that runs on hydrogen and oxygen,its chief executive and chairman Nick Hayek said in an

interview published today.

“We already have a test-car with a fuel cell,” Hayek told newspaper NZZ am Sonntag.

“Liquid hydrogen and oxygen are used as fuel,producing very efficient combustion,” he said,adding that the management board of Belenos — the Swatch subsidiary building the vehicle — has already driven around on the prototype.

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“What we don’t know is whether it would be cost-efficient to build,” said Hayek,the son of Swatch’s founder.

The fuel-cell vehicle is not Swatch’s first attempt at building a green car. In 1997,it teamed up with Daimler-Benz to build the two-seater Smart but the watch firm later sold its shares to Daimler-Benz.

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