Go Green: Volvo Promises $1.4 Billion for Cleaner Technology
Volvo's 3CC from 2004 (pictured) was a zero-emissions concept. The already Birkenstockian company has announced it's building a hybrid development center to concentrate on hybrids and other low-emissions vehicles.
(Photo courtesy of Volvo)
GOTHENBERG, Sweden ‚ÄĒ Volvo Car Corporation said on Friday it will invest $1.36 billion over the next five years to develop a new generation of vehicles that consume less fuel and emit fewer pollutants.
Volvo said the initiative will "focus primarily on the development and deployment of cleaner, more efficient diesel engines, hybrids and alternative-fuel vehicles, the use of light, strong materials . . . and the introduction of smaller vehicles."
Volvo tipped its hand in fall 2004 with the debut of its 3CC prototype, a sporty two-plus-one concept with a zero-emissions electric motor that provided 0-60-mph acceleration in 10 seconds.
As part of its new initiative, the company said it will build a new hybrid development center at its headquarters here. That plan seems in marked contrast to corporate parent Ford's earlier announcement that it would shift its development focus from hybrid vehicles to alternative fuels, including E85.
What this means to you: Volvo will ramp up hybrid development efforts, even as parent Ford shifts its focus to alternative fuels.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....