Financial Times FT.com

Ford sets out plans for ‘green’ vehicles

By Bernard Simon in Toronto and John Reed in London

Published: December 2 2008 15:47 | Last updated: December 2 2008 16:47

Ford Motor laid out plans on Tuesday for a family of hybrid petrol-electric and fully electric vehicles as part of a blueprint to accelerate the restructuring of its loss-making North American car and truck business.

Ford also said in a submission to Congress that it expects to break even or return to profitability, on a pre-tax basis, by 2011. The carmaker earlier this year abandoned its target of returning to profitability by 2009.

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