Ford Motor Co.’s retrenchment on hybrid-electric vehicles is a sign it is in better touch with its customers, the auto maker’s top executive says. Yesterday, in a memo issued to all employees, Chairman and CEO Bill Ford says Ford will not produce 250,000 HEVs annually by 2010, as originally planned. “Last autumn, I told you that Ford Motor Co. was going to be a leader in delivering innovative products with technologies that use new fuels,” Bill Ford says in the memo. “What I didn’t ...

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