Ford's Volvo Car to invest 10 bln SEK in green R&D

Newswire

STOCKHOLM, June 30 (Reuters) - Ford Motor Co.'s Volvo Car Corp. said on Friday it would invest 10 billion Swedish crowns ($1.36 billion) over five years to develop cars that consume less fuel. "The aim is to reduce the total fuel economy and tailpipe emissions of the global Volvo Cars fleet," the firm said in a statement. "The investment initiative will focus primarily on the development and deployment of cleaner, more efficient diesel engines, hybrids and alternative fuel vehicles, the ...

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