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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (1866)	11/5/2005 1:17:45 AM
From: elmatador	Read Replies (1) \| Respond to of 217830

But there's catch or should I say: Wayo?? ! WHY is Ford subsidizing them? Here is why: Ford and other companies built the flexible-fuel vehicles partly because the Environmental Protection Agency offered them credits in their Corporate Average Fuel Economy calculations for doing so. Hence Ford doesn't want to lose the credits and is subsidizing Verasun to put the pumps up!! Since the most recent leap in gasoline prices after the hurricane season, Ford and others have been promoting ethanol as a tool for saving money and reducing dependence on imported oil. Clever, isn't it? nytimes.com People driving flex-cars in the US even don't know they are flex-cars. But as long as the creits keep coming... Because Ford doesn't want to lose the credits. Now tell me: Am I jealous ad full of envy or what? Goldman Sachs has forecast that the number of cars in China could rise from 12 million in 2004 to 500 million by 2050; in India, the number of cars could increase even faster, from 5 million to 600 million. "China, in automotive terms," Lyric Hughes Hale, publisher of the China Online news service, said here, "means the death of the internal combustion engine."