DETROIT - Ford is joining with Daimler and Renault-Nissan to speed development of cars that run on hydrogen, with hopes of bringing a vehicle to market in as little as four years.
Hydrogen fuel cell vehicles generate electricity after a chemical reaction between hydrogen and oxygen. Hydrogen is stored in special high-pressure tanks, and the only emissions are water vapor and heat.
Under the alliance, each company will invest equally in the technology. They plan to develop a common fuel cell system that the companies will use to power their own vehicles. The companies also plan to take advantage of their combined size to reduce costs.