Report: Mazda ready to launch hydrogen-electric hybrid in 2008

Back in August of 2006, when Mazda was visiting Norway to celebrate the launch of the first ever hydrogen filling station, it said that Mazda could bring a hydrogen combustion engine powered vehicle to the market in about 5 years. But now according to a news by Japan’s Nikkei financial news service, Mazda is working hard to introduce a hydrogen powered hybrid-electric vehicle in 2008.

Mazda today announced their new mid-term plan called “Mazda Advancement Plan.” The plan has three targets to be achieved by 2010: 1.6 million global retail sales, an operating profit over 200 billion yen, and a return on sales (ROS) ratio of six percent, in addition to a stable payout of dividends.”

Source: Inside Line