Makes a lot of sense to me. The reason Ford and GM are suffering right now is they build cars that aren't as good as their competitors. They've also lost a lot of ground in staying ahead of the curve in new technologies, despite the billions in government spending in research in fuel cell and hybrid technology.
But they have been making a lot of noise lately in the hybrid field. It looks like they're getting the message. The question is, are they too late?
Bush plays down bailout for automakers: report - Jan. 26, 2006
Technorati Tags: hybrid, ford, GM, Bush
But they have been making a lot of noise lately in the hybrid field. It looks like they're getting the message. The question is, are they too late?
Bush plays down bailout for automakers: report - Jan. 26, 2006
According to the newspaper, Bush suggested that one way automakers could make more appealing products was to promote cars using alternative fuels, a topic he plans to mention in his State of the Union address next week.
Bush said in the interview that U.S. automakers could find new market share in the competition to sell vehicles that run on alternative fuels.
"As these automobile manufacturers compete for market share and use technology to try to get consumers to buy their product, they also will be helping America become less dependent on foreign sources of oil," Bush told the newspaper.
Technorati Tags: hybrid, ford, GM, Bush
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