September 22, 2005
Ford vows major push in hybrids
Dearborn, Michigan – In a speech at the Ford Research and Innovation Center, Ford CEO Bill Ford Jr. vowed a major push in hybrids, targeting a production capability of at least 250,000 hybrids per year by 2010. He also stated that more than half of Ford, Lincoln and Mercury products will have hybrid capability by that date.
As well, Ford announced a carbon offset program whereby the company will pay for projects around the world that reduce carbon dioxide emissions by the same amount created in the production of hybrid vehicles.