Ford CEO shifts focus to biofuels, less on hybrids

Newswire

DETROIT, June 29 (Reuters) - In a sharp shift of strategy, Ford Motor Co. plans to focus less on hybrid technology and more on a wider range of alternatives to traditional gasoline-powered engines, Ford Chief Executive Bill Ford told employees of the automaker. Ford backed away from a commitment made last fall to build production capacity for 250,000 hybrid vehicles by the end of the decade, calling that goal "too narrow" in a company-wide e-mail message to the automaker's employees on ...

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