Economy
Much Puffery About Air-Powered Car
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An automobile that runs on compressed air got a boost this week with an investment from India’s Tata Motors. MDI Industries, of Carros, France, designed the cars based on technology invented by Guy Negre, a former Formula One engineer. The project has been in development for 14 years, but no carmaker has yet put the car into production. Now, according to some reports, Tata is planning to manufacture and sell air cars in India later this year for the equivalent of about $5,000. But, in the Financial Times of London, Tata’s managing director downplayed expectations, saying: “It’s a very exciting concept, this way of running a car.