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Article: X PRIZE Foundation & Progressive Insurance Join Forces to Officially Announce the $10 Million Progressive Automotive X PRIZE - the Race to Develop Ultra Fuel-Efficient Cars.
- Article from:
- Business Wire
- Article date:
- March 20, 2008
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During Today's Launch, New York City Mayor Michael Bloomberg Declared New York City as Host of First Stage of Competition, Scheduled to Begin in September 2009
NEW YORK -- Today at the New York International Auto Show, the X PRIZE Foundation and Progressive (NYSE:PGR) jointly announced the company's Title Sponsorship of the Progressive Insurance Automotive X PRIZE competition and its funding of the $10 million prize purse.
The newly renamed Progressive Automotive X PRIZE is an international competition designed to inspire a new generation of viable, super fuel-efficient vehicles. The independent and technology-neutral competition is open to teams from ...