Saturday, March 22, 2008

Insurer Ponies Up to Sponsor X Prize

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The X Prize Foundation and Progressive Corp. announced that the insurer would put up the $10 million prize for the development of a production viable, 100 mile-per-gallon vehicle. The vehicle will have to seat four, carry their luggage, and travel 200 miles. Oh, and make 0-60 in 12 seconds.

read more | digg story

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