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He's planning to start delivering vehicles by late 2004 and expects sales to reach 34, 000 a year by 2006.
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The automotive industry is looking for new ways to innovate and cut costs, delivering exciting vehicles that will encourage consumers to start spending again on automobiles.
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Founded by Andreas Raptopoulos, the company have ambitious plans to build a network of autonomous vehicles delivering food and aid to inaccessible areas in developing countries.
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The phages are vehicles for delivering vaccine - in theory, against a number of diseases with a single shot.
BBC: Hope for cheaper, better vaccines
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U.S. automakers are not just sitting around waiting for the official announcement, nor are they waiting 13 years to start delivering gas-sipping vehicles.
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In Japan, where there has never been much room for sprawling car lots, car firms have for decades used door-to-door salesmen to sell many of their vehicles, delivering cars directly to the customer and picking them up again for servicing.
ECONOMIST: Another way to sell cars | The
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In a worst-case scenario of 36, 500 miles per year, you'd still be delivering 29 MPG from these vehicles.
ENGADGET: blogger-avatar
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After all there is something comic about farm vehicles in cities delivering small girls in straw hats to the doors of their day schools.
ECONOMIST: Sport-utility vehicles