Volvo Cars to invest in hybrid technology
Afp, Stockholm
Volvo Cars, a subsidiary of the Ford Motor Company, said on Friday it would invest 10 billion kronor (1.4 billion dollars, 1.1 billion euros) in research and development for environmentally-friendly hybrid technology. The research would focus on developing more efficient diesel, hybrid and alternative engines, as well as lighter body frames to reduce its cars' fuel consumption and exhaust emissions. Volvo parent Ford said meanwhile it would create a development centre for hybrid systems for Volvo's fleet and for Ford's European customers. The centre, staffed by 20 engineers, would oversee the application of hybrid systems into Volvo cars globally, and help Ford apply core hybrid systems into its own product plans. The centre is part of a global Ford initiative to speed up the introduction of more fuel-efficient vehicles and was building on Volvo's experience with advanced environmental technology systems, it said.
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