GOTEBORG, Sweden (AP) _ Ford Motor Co. (NYSE:F) said Friday it
will build a centre for developing new fuel-efficient hybrid systems
in Goteborg, where its subsidiary Volvo Cars is located.
The centre will produce new hybrid technology for all of Ford's
brands in Europe and for Volvo models worldwide, the companies said.
The centre will be run by Volvo, which said it would invest $1.36
billion in developing new environmental technology for its fleet
over the coming years.
Ford announced Thursday that it would fall short of its goal of
producing 250,000 hybrid vehicles a year by 2010, but said the
Swedish center would be part of its efforts to ``to speed up the
introduction of more fuel-efficient vehicles.''
Hybrid car engines combine use of traditional gasoline with
alternative energy sources, such as ethanol or electric batteries.