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Toyota bullish on hydrogen investment

New cross-industry council to pave way, chairman says

Toyota Chairman Takeshi Uchiyamada

DAVOS, Switzerland -- Setting an investment target by automakers and energy companies could help spur spending on hydrogen-related technologies, Toyota Motor's chairman said Wednesday, referring to the role of a new group formed to promote the no-emissions energy source.

Takeshi Uchiyamada told The Nikkei that he sees great promise for the Hydrogen Council, a body of 13 companies including Toyota and Anglo-Dutch oil major Royal Dutch Shell that was launched at this year's forum in Davos, Switzerland.

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