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To: HarveyO who wrote (4268)6/29/1999 11:08:00 PM
From: Hawkeye   of 5827
 
Ford Welcomes Advance Vehicle Tax Credits

WASHINGTON, June 29 /PRNewswire/ -- Representative Robert T. Matsui (D-5th -CA) introduced legislation that would
give up to $4,000 in consumer tax credits for electric vehicles and fuel cell-powered vehicles and from $500 to $4,000 for
hybrid vehicles until 2007.

The following can be attributed to Janet Mullins, vice president, Washington Affairs, Ford Motor Company:

We welcome this legislation, and commend the administration for working with the automotive industry to find solutions for
environmental issues that work for consumers. This legislation complements research efforts underway between the government
and industry to encourage quick development of advanced technologies while reducing the cost premium for consumers. At
Ford, we continue to invest more than 50 percent of our annual research and development funds into environmental initiatives.
Ford's TH!NK and Ranger electric vehicles and fuel-celled and hybrid vehicles under development should all qualify for the tax
credits outlined in this legislation.

SOURCE: Ford Motor Company
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