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To: HarveyO who wrote (4268)	6/29/1999 11:08:00 PM
From: Hawkeye	Respond to 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

To: HarveyO who wrote (4268)	6/29/1999 11:10:00 PM
From: Hawkeye	Read Replies (1) \| Respond to of 5827

Tuesday June 29, 4:01 pm Eastern Time Company Press Release SOURCE: Alliance of Automobile Manufacturers Statement on Proposed Tax Incentives for Advanced Vehicles By Josephine S. Cooper, President, Alliance of Automobile Manufacturers, In Response to Legislation Introduced Today By Congressman Robert T. Matsui (D-CA-05) WASHINGTON, June 29 /PRNewswire/ -- The following is a statement by Josephine S. Cooper, President of the Alliance of Automobile Manufacturers: ''The Alliance of Automobile Manufacturers supports the concept of consumer incentives to offset the high costs of bringing vehicles with advanced technology to market. Such consumer incentives include federal tax credits applied to the purchase of advanced vehicles such as electric cars, hybrid electric vehicles, and cars with fuel cells. These vehicles, with their technological breakthroughs, pose great benefits for the public by reducing gasoline consumption and thereby reducing carbon dioxide emissions. The Alliance and its members look forward to working with all parties to encourage the rapid deployment of these promising technologies. ''The Alliance continues to support clean air, clean fuels, and clean vehicles. In the last 25 years, the auto industry has done more than any other sector to improve the quality of our air. One of the ways we are continuing this effort is through the voluntary National Low Emissions Vehicle (NLEV) commitment, a program that achieves greater vehicle emissions reductions than are currently required. ''The Alliance also continues to support the merits of our Tier II proposal, a 10-year strategy for even cleaner vehicles and cleaner fuels that is based on sound science and advanced technology. However, we need near zero sulfur fuels to reach the clean air goals since sulfur in gasoline cancels out the benefits of advanced technology. ''Clearly, automakers are committed to fuel efficiency, to advancing technology, and to meeting consumer expectations.'' SOURCE: Alliance of Automobile Manufacturers