Ford, keen to be back to the top has released its new plan to get there and has submitted its restructuring scheme to the US Congress. The new plans commit it to launching new hybrid and electric vehicles by 2012 if its gets financial support from the government.Ford would want to make an electric vehicle on the lines of the Volt and the Dodge EV.
The dossier – released ahead of a critical meeting between the Big Three and the US government later this evening – also states that CEO Alan Mulally will work for just $1 next year.That’s a big sacrifice by any standard.
