Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Ford Signs Pact With Dow Automotive Systems To Build Next-Generation Vehicles

RELATED NEWS
Trade F now with 
4/12/2012 3:26 AM ET

Ford Motor Company (F: Quote) Thursday announced that it would be joining hands with Dow Automotive Systems, a business unit of the Dow Chemical Company, to achieve its stated objective of cutting the weight of new cars and trucks by up to 750 pounds by the end of the decade to improve fuel efficiency.

The two companies have signed a joint development agreement that will see researchers collaborate on several fronts. The development teams will focus on establishing an economical source of automotive-grade carbon fiber and develop component manufacturing methods for high-volume automotive applications.

Ford further stated that the partnership will seek to combine the best of Ford's capabilities and experience in design, engineering and high-volume vehicle production with Dow Automotive's strengths in R&D, materials science and high-volume polymer processing.

Ford stated that it is investigating a range of new materials, enhanced design processes and new manufacturing techniques that would enable automotive structures to meet increasingly stringent safety and quality standards while cutting weight.

Click here to receive FREE breaking news email alerts for Ford Motor Co and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.