Uneo, Hiroya; Muto, Hiromichi - In: Japanese Economy 3 (1974) 1, pp. 3-12
The first automobile in the world was made by N. J. Cugnot (1725-1804), a Frenchman, some 200 years ago in 1769. This three-wheel steam-engined vehicle, however, ran into a brick wall at a speed of 3.5 kilometers per hour and broke down. As compared with current passenger cars, it was indeed a...