Ford's big British R&D budget

July 17, 2006 at 9:02 AM
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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.

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