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Automotive X PRIZE sponsor to be announced on 20th March

14th March 2008

The Automotive X PRIZE, an international, multimillion dollar competition designed to inspire a new generation of viable, super-efficient vehicles, will announce its much anticipated title sponsor and multimillion dollar prize purse at the New York International Auto Show on 20th March, signalling the official beginning of the Automotive X PRIZE competition.

The independent and technology-neutral Automotive X PRIZE competition is open to teams from around the world that can design, build and bring to market 100 mpg or equivalent (MPGe) vehicles that people want to buy and that meet market needs for price, size, capability, safety and performance.

Details of the competition are available at the X PRIZE Foundation’s website (http://auto.xprize.org.)

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