Ford Plans Incentives on Smaller Engines to Meet Fuel-Economy Standard - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
ยป Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 10-23-2002, 16:14   #1 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
Ford Plans Incentives on Smaller Engines to Meet Fuel-Economy Standard

DETROIT, October 23, 2002 Norihiko Shirouzu writing for the WSJ reported that Ford Motor Co. should be able to meet the government's fuel- economy standard but will have to offer "a ton of incentives" on vehicles equipped with V6 and smaller engines to do so, said the auto makers' chairman and chief executive William Clay Ford Jr.

"There is an underlining taxation policy in Europe which drives" consumers to buy smaller thus more fuel-efficient vehicle, Mr. Ford said in a meeting with institutional investors. "We don't have that here [in the U.S.]. We have to put a ton of incentives to move those V6s, and smaller engines even," to meet the fuel-economy standards.

The federal government's auto-mileage requirement, known as the Corporate Average Fuel Economy, or CAFE, standard requires an auto maker's fleet of cars to average 27.5 miles per gallon, and its fleet of "light trucks" -- sport- utility vehicles, pickup trucks and minivans -- to average 20.7 miles per gallon.

Strong sales of light trucks, many of which are equipped with V8 engines, have pushed down the average mileage of the U.S. new-vehicle fleet to about 24 miles per gallon, its lowest level in two decades.

Mr. Ford said sales marketing incentives are a must in the absence of a tax policy encouraging American consumers to buy smaller, less gas-guzzling vehicle. He noted American consumers have a huge appetite for bigger vehicles. They are " acting one way, saying, 'Give me biggest engine you have got, Give me the biggest vehicle you have got.'" On the other hand, CAFE is "pulling you in the other direction," added Mr. Ford. "So it forces all of us to do some unnatural things to hit our CAFE numbers."

Meanwhile, he said the Japanese yen's weakness is "hurting" Ford.
__________________
Stacy94PGT
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.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ford family celebrates 100 years of cars Stacy94PGT Ford Worldwide News 0 06-10-2003 05:46
FORD TOUGH: The pressure's on for Bill Ford Jr. to finish first Stacy94PGT Ford Worldwide News 0 06-10-2003 04:52
'Henry had the dream' Stacy94PGT Ford Worldwide News 0 03-28-2003 05:58
A CENTURY OF VISION: Fords built city, changed the world Stacy94PGT Ford Worldwide News 0 03-12-2003 07:17
Ford Product-Led Transformation: 2003 RPO83 Trans | Driveline 0 07-22-2002 06:48

Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 14:25.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.