Ford's big British R&D budget

July 17, 2006 at 9:02 AM

LONDON, July 17 (UPI) -- Financially beleaguered Ford Motor Co. will spend $1.8 billion in Britain during the next six years to improve the fuel efficiency of its vehicles.

That is nearly 20 percent of the corporation's $8 billion yearly global research-and-development budget, the Financial Times said Monday.

Ford, which has the worst U.S. fuel efficiency of any carmaker, plans to use the research money to improve mileage on traditional gasoline and diesel engines and cut the weight of cars.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting