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Mulally: Ford's path to profitability based on electrification

Ford CEO Alan Mulally says the automaker is on track to return to profitability by 2011, despite posting a record $14.7 billion loss in 2008 and a forecast to continue posting losses through the rest of 2009 and 2010. A major portion of Ford's turnaround plan revolves around "more and more electrification, both hybrids and battery electric vehicles," Mulally said shortly after the automaker accepted $5.9 billion in U.S. Department of Energy loans as part of the Advanced Technology Vehicles Manufacturing program to retool factories to build ... Read more →

Ford invests $550 million to retool Michigan plant for Focus, all-electric car Sebastian Blanco

Mulally: Ford's path to profitability based on electrification 5 months ago on Autoblog Green

Ford invests $550 million to retool Michigan plant for Focus, all-electric car 7 months ago on Autoblog Green

Fords storied Michigan Assembly Plant entered a new phase in its fifty-year history today, with the company's announcement that it is investing $550 million to turn the plant from an SUV farm into a facility that will build the new Ford Focus and all-electric Focus BEV. Production of the new Focus ...

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Guide to Common Green Acronymns

CAFE – Corporate Average Fuel Economy. A system used in the U.S. to define mileage requirements of new vehicles.

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