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Sunday, September 25, 2011

Ford May Make Electric Cars in China: Mulally

Ford Motor Co. (F) may make electric cars with its partner in China as the auto industry moves toward producing more fuel-efficient vehicles, Chief Executive Officer Alan Mulally said.
“Our plan is to make the vehicles people want and value, in China and around the world,” Mulally, 66, said in a Bloomberg Television interview on Sept. 24 in Chongqing, China. “As we move to more electrification you’re going to see more hybrids, plug-in hybrids and all-electric.”

Mulally, who was in China to attend the groundbreaking ceremony of an engine transmission plant at its venture with Changan Automobile Group, didn’t provide a schedule for building electric cars. Rivals Daimler AG (DAI) and General Motors Co. (GM) have announced plans to add alternative-energy vehicles in China as the country, the world’s largest polluter, seeks to reduce emissions. The government aims to have 1 million electric- powered vehicles on the road by 2015, according to the Ministry of Science.

GM on Sept. 20 signed an agreement to develop electric cars in China with its partner SAIC Motor Corp. GM, which plans to introduce the plug-in hybrid Chevrolet Volt in China in the fourth quarter, will not give SAIC or the Chinese government intellectual property for the Volt as part of the agreement, GM Vice Chairman Steve Girsky said.

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