May 23, 2006
Domestic auto CEOs pledge support for U.S. energy security
Washington, D.C. – The CEOs of Ford, General Motors and the Chrysler Group met with members of the Congressional leadership to pledge their support toward developing more advanced technology, and building more flexible fuel vehicles to promote energy security. They have also discussed alternative fuels such as advanced diesel and ethanol, and have called for greater availability of E85 at gas pumps.
Tom LaSorda of Chrysler Group, Bill Ford of Ford Motor Company and Rick Wagoner of General Motors told Congress that their companies support the “25×25 Initiative”, an effort led by the Energy Future Coalition and dedicated to get 25 per cent of America’s transportation energy needs met by renewable fuels by 2025.
All three companies discussed plans to continue to increase production of E85 (85 per cent ethanol) capable vehicles for consumer sale. Currently, there are more than five million E85-capable vehicles on the road and the companies will sell nearly one million additional ones this year, but of approximately 170,000 fueling stations across the country, only about 600 carry the fuel at the consumer level.