Will Hybrid-Electric Save Ford?
Ford has a plan to use several billion dollars from the US Government in order to reconstruct their suffering auto company. Two major issues are in their agenda to have Ford back in the money making game – one way is to take over as head of public transit with an entire new fleet of limo and taxi vehicles. Where is the other major portion of their rebuilding cash coming from? Hybrid-electric technology.
Ford is asking green technology industries and investors to loan them $14 Billion dollars to further their HEVT (Hybrid Electric Vehicle Technology) research and development. Ford is shooting for “a 36% improvement on 2005 efficiency figures by 2015.” – Not an easy figure to pull off, but desperate times… Ford hopes to have their profits back up in 2011, and to begin repaying their loans by 2012.
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