Ford backs off on 250,000 hybrid promise
The email coincides with a letter sent to Congress penned by Ford and the CEOs of General Motors and DaimlerChrysler in which the trio promised to double their annual production of alternative-fuel vehicles to 2 million by 2010.
Ford stated in the email that the Blue Oval will focus more on other fuels like ethanol, clean-diesel and bio-diesel. In conjunction Ford is announcing a partnership with VeraSun Energy today to create an "ethanol corridor" with 50 new E85 pumps between Kansas City and Chicago.
The company still plans to go forward with its plans to produce a hybrid Mazda Tribute and hybrid version of the Ford Fusion and Mercury Milan in 2008.
Check out the nicely written article on Ford's new strategy by Bryce G. Hoffman and Deb Price of The Detroit News here.
[Source: The Detroit News]
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