Ford Motor Company breaks it's promise to produce 250,000 hybrid vehicles by 2010 and turns back to alternative fuels. In other words, they will sacrifice fuel efficiency and low pollution for a promise of some "new technologies" that may be down the road.
This confirms my belief that the American car makers are firmly in the pocket of the oil companies and have no intention of making efficient vehicles. They will go the way of the dinosaur because of it, too. The public is fast tiring of the gas guzzling behemoths that Ford and GM spew and are ready for efficient and less polluting transportation. Too bad Ford is a "one trick pony" in their designs. The new model year will feature more big cars and SUV's just like last year, and the year before, etc.
It's no wonder GM is laying off 1/4 of their work force. They have no direction or vision for the future and seem content to ride the wave of SUVs until they end up shuttering for good. By that time all the corporate execs will have their golden parachutes and won't care.
The bright hope on the horizon is Toyota which intends to build yet another US plant and produce even more of their cars here. Toyota is already a winner with their Hybrid Prius and will continue to lead innovation and eventually dominate the US market. That's just my opinion. I don't own any Toyota stock, but I am thinking about buying some. As for Ford, they will go the way of their most infamous car, the Edsel.
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