big car manufacturers and such so they could determine when and if such
vehicles came to be so their fortunes would not be ruined.
I believe this is most likely an urban myth. For two reasons. One large secrets like that are nearly impossible to keep indefinably. Soon or later something leaks.
Second. Gas is a rather small percentage of the product mix that comes out of crude oil. If cars that ran on water suddenly came out it would actually be a boon to the oil industry could they would make a fortune on the plastics to build the cars and the asphalt to build the ever more needed roads to handle all the traffic, ect.
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