Employees install the suspensions on a prototype of Fomm Corp.'s Concept One electric vehicle at the company's workshop in Kawasaki, Japan, on Monday, Dec. 4, 2017. The vehicle, conceived by Hideo Tsurumaki, is designed to float in floods, or even cruise at low speeds. The startup has some notable backers, a functioning prototype, and plans to produce 10,000 cars a year from late this year at a factory that it's renting near Bangkok in Thailand. Photographer: Kentaro Takahashi/Bloomberg
Employees install the suspensions on a prototype of Fomm Corp.'s Concept One electric vehicle at the company's workshop in Kawasaki, Japan, on Monday, Dec. 4, 2017. The vehicle, conceived by Hideo Tsurumaki, is designed to float in floods, or even cruise at low speeds. The startup has some notable backers, a functioning prototype, and plans to produce 10,000 cars a year from late this year at a factory that it's renting near Bangkok in Thailand. Photographer: Kentaro Takahashi/Bloomberg
Employees install the suspensions on a prototype of Fomm Corp.'s Concept One electric vehicle at the company's workshop in Kawasaki, Japan, on Monday, Dec. 4, 2017. The vehicle, conceived by Hideo Tsurumaki, is designed to float in floods, or even cruise at low speeds. The startup has some notable backers, a functioning prototype, and plans to produce 10,000 cars a year from late this year at a factory that it's renting near Bangkok in Thailand. Photographer: Kentaro Takahashi/Bloomberg
Employees install the suspensions on a prototype of Fomm Corp.'s Concept One electric vehicle at the company's workshop in Kawasaki, Japan, on Monday, Dec. 4, 2017. The vehicle, conceived by Hideo Tsu

Japan disaster spurs floating electric car


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Hideo Tsurumaki watched the giant tsunami waves crash on to Japan’s north-east coast on March 11, 2011, sweeping away cars filled with people trying to escape.

As the vehicles sank slowly into the sea, Mr Tsurumaki thought about his mother, who lives by the ocean in another earthquake-prone part of the country. She has difficulty walking, like many of those who tried to flee by car that day. And he thought that if the cars had been able to float, fewer people would have perished.

Two years later, the former employee of a unit of Toyota Motor started to build a small, watertight electric vehicle that can float in floods, or even cruise at low speeds. His start-up has some notable backers, a functioning prototype, and plans to produce 10,000 cars a year from late this year at a factory that it’s renting near Bangkok in Thailand. By 2020, Mr Tsurumaki hopes to take the company public.

“I intend to put one outside our house,” Mr Tsurumaki, 55, said of the cars. “Many others will probably think the same.”

Vehicles that can travel on land or water have been around since at least the early 19th century, used by everyone from tour operators to armies. While Mr Tsurumaki’s invention may have been inspired by the tsunami, it falls short of a design needed to take on or survive the ferocity of the tidal waves or the might of strong flood currents. At best, he envisions it as a small electric vehicle - a second car for affluent families for short trips around the neighbourhood.

Most customers will only use the floating capabilities in emergencies, probably only once in their lifetimes, he says.

Mr Tsurumaki, a motorbike-racing enthusiast who only gave up on becoming a professional racer due to injury, left his post as lead engineer for an ultra-compact one-seater electric vehicle at Toyota Auto Body  in 2012. He founded Fomm with an initial capital of ¥200,000 (Dh6,600), and hand-built the first prototype while operating from a single-room dormitory.

Mr Tsurumaki worked for three years with University of Tokyo researchers on ways to drive the car in water with all tyres submerged, eventually deciding to use turbine-shaped wheels that draw in water as they revolve, and a component at the front that releases the water to achieve propulsion. It also allows the vehicle to be turned using the steering wheel.

In 2016, Fomm formed a partnership with Trinex Assets, a Thai real estate company whose president also runs a car-parts maker, to help build the vehicle, which is now on its fourth prototype. Production is scheduled to start in December, with the car going on sale around the same time. Thailand, a major car making hub, started favourable policies for plug-in vehicles and hybrids this year, including tax breaks for as long as eight years.

Mr Tsurumaki has attracted some big-name Japanese investors. Yamada Denki, the largest home-appliances and consumer-electronics chain, formed a capital alliance in October, without disclosing the stake. It plans to sell the car. In November, he sealed a tie-up with audiovisual equipment maker Funai Electronics, which will help produce the car in Japan.

Employees install the suspension on a prototype of Fomm's Concept One electric vehicle at the company's workshop in Kawasaki, Japan. Kentaro Takahashi/Bloomberg
Employees install the suspension on a prototype of Fomm's Concept One electric vehicle at the company's workshop in Kawasaki, Japan. Kentaro Takahashi/Bloomberg

Mr Tsurumaki’s electric city commuter, which is about the same size as a golf cart, features a lightweight body and batteries under each of its four seats. It accelerates by pulling a lever on the steering wheel, which is partly to save space. The batteries are replaceable, so users won’t have to wait the six hours it takes for a full charge. The car will travel as much as 160 kilometres  on one charge, with a top speed of 80 kilometres per hour.

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“The car may serve as an upgrade for tricycles in Bangkok as the government pushes for cleaner vehicles, and it’s just as easy to navigate as the tuk-tuks,” said Ken Miyao, an analyst at consultancy Carnorama in Tokyo. “’I can see a reasonable chance for them to succeed.”

While the start-up has made progress, challenges still abound.

The biggest is costs. Electric vehicles are already expensive to produce, because of the high prices of parts such as batteries. The floating car will have additional expenses, such as for sealants to make it watertight.

Initially, Mr Tsurumaki wanted to style its body like tough military vehicles, but the cost prompted him to give up on the idea. He settled on a design and materials that would just let it float.

The Fomm floating car. Kentaro Takahashi/Bloomberg
The Fomm floating car. Kentaro Takahashi/Bloomberg

The relatively small annual production target makes it harder to negotiate good deals with suppliers, according to Mr Tsurumaki. That means the cars will sell for about 580,000 baht (Dh66,736), enough to buy a much bigger vehicle.

“It’s a chicken-and-egg situation,” he says.

Mr Tsurumaki says he’s looking to cut the price to less than US$5,000 per car by sourcing mass-produced components at lower costs.

Mr Miyao agrees cost is key.

“They need to make cars as cheap as those without floating capabilities,” he said.

“I don’t think anyone would want to pay twice as much just for this gimmick they may be able to use only once in their lifetimes at best.”

5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

About%20My%20Father
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELaura%20Terruso%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERobert%20De%20Niro%2C%20Sebastian%20Maniscalco%2C%20Kim%20Cattrall%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%26nbsp%3B%3C%2Fp%3E%0A
Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,000mm, Winners: Mumayaza, Fabrice Veron (jockey), Eric Lemartinel (trainer)

5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m, Winners: Sharkh, Pat Cosgrave, Helal Al Alawi

6pm: The President’s Cup Prep - Conditions (PA) Dh100,000 (T) 2,200m, Winner: Somoud, Richard Mullen, Jean de Roualle

6.30pm: Handicap (PA) Dh90,000 (T) 1,600m, Winner: Harrab, Ryan Curatolo, Jean de Roualle

7pm: Abu Dhabi Equestrian Gold Cup - Prestige (PA) Dh125,000 (T) 1,600m, Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi

7.30pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m, Winner: AF Alwajel, Tadhg O’Shea, Ernst Oertel

8pm: Maiden (TB) Dh80,000 (T) 1,400m, Winner: Nibras Passion, Bernardo Pinheiro, Ismail Mohammed

Strait of Hormuz

Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.

The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.

Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.

Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.