By John D. Stoll
Last Update: 8:58 PM ET Mar 6, 2006
DETROIT (MarketWatch) -- Ford Motor Co. (F) is pumping millions of dollars into a marketing push and offering a fresh round of incentives to generate momentum for sales of hybrid SUVs, as demand for the vehicles shows signs of fatigue.
Ford jumped into the segment in 2004 with the launch of its Escape Hybrid SUV in a bid to woo buyers concerned about gas prices and environmental issues. Hybrid vehicles use both a gasoline power plant and an electric motor that powers the car when it idles and accelerates.
The auto maker's effort, however, is stumbling, according to sales reports from the auto maker and interviews with many dealers. So far this year Ford has sold only about half of the total hybrids it has capacity to make and the company recently doubled cash incentives for buyers of the vehicles to as much as $1,000 each.
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Ford struggling to deliver on big bet on hybrids
Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by Areometer, Mar 6, 2006.
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Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by Areometer, Mar 6, 2006.
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