Korea to launch 'green' car by 2005

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SEOUL--In an effort to keep up with major foreign automakers that have already developed environmentally friendly cars, Hyundai plans to roll out cars that run on fuel cells by 2005.

The Korean car maker is investing $10 million for initial development and has signed a contract with International Fuel Cells, a unit of United Technologies.

The fuel cell engine will go in a car based on Hyundai's Santa Fe SUV. It will go 0 to 60 mph in under 13 seconds and have a top speed of 75 mph.

Diamond Ad, which handles Hyundai Motors, hasn't been given an assignment yet as the production date is still far off.

Daewoo Motors is also developing a fuel-cell car based on its mini-van, the Rezzo.

Copyright September 2000, Crain Communications Inc.

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