As you might or might not know Smart was founded by a joint venture created by DaimlerBenz and the Swiss brand of watches Swatch. One of the fathers of that idea (if not the main contributor), Nicholas Hayek, Swatch CEO, has now announced he is developing a new vehicle: a fuel-cell car.
"I want to do whatever I can to accelerate the development of alternative and renewable technologies", Hayek said in an article which appeared in French magazine L'AutoHebdo. "Switzerland is going very slowly on this path, as the rest of the world."

The Swiss patron expects collaboration from Swiss Group E and Villingen's Paul Scherrer Institute to develop the engine. They estimate their investment in about 15 to 21 million dollars and the resulting vehicle will be sold for under 60,000 EUR in 2010.

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[Source: Auto Hebdo via Yahoo News Spain]

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