04 December 2008 20:37 [Source: ICIS news]
HOUSTON (ICIS news)--DuPont 's CEO called for a national programme to develop an automobile that could achieve 75 miles/gal, the company said on Thursday.
DuPont CEO Chad Holliday recommended the formation of the “Detroit Project”, the company said. Under the project, the federal government would pursue a Manhattan-style programme that would create a new, fuel-efficient car capable of 75 miles/gal.
The nation's Manhattan project developed the atomic bomb during World War II.
“If all of us with a stake in the auto industry join forces in a compelling way, we believe we can create a car of the future that could positively impact two things we care about today: the environment and the economy,” Holliday said. Holliday made his comments earlier to the Detroit Economic Club in Michigan.
Citing population growth as the fundamental driver in the new global economy, Holliday said this was a unique time for transformation and called on the US to improve its global competitiveness.
"The Detroit Project would redeploy the best, most dedicated people to a project that would deliver in less than two years a critical factor in the successful rejuvenation of the US economy," Holliday said. "DuPont would be interested in participating in a project like this, and we know other companies would join as well."
Funding for the project could come from a US savings-bond programme to stimulate personal savings and provide financing for infrastructure investments like the Detroit Project.
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