November 20, 2012
Business Wirevia The Motley Fool

GE, Ford Collaborate on Alternative Fuel Vehicle Adoption and Research

FAIRFIELD, Conn.--(BUSINESS WIRE)-- GE (NYS: GE) today announced a collaboration with Ford Motor Co. in which the company will purchase 2,000 new Ford C-MAX Energi plug-in hybrids for its fleet. As part of the collaboration, Ford will jointly market GE's alternative fuel infrastructure solutions to commercial customers and provide new alternative fuel vehicles for use at GE's Vehicle Innovation Center.

The two companies will also collaborate with researchers from the Georgia Institute of Technology on data collection and analysis on GE's fleet in order to add even greater efficiencies to electric driving and charging.

For GE, the purchase of the 2,000 Ford C-MAX Energi vehicles is another step in the company's commitment to converting half of its global fleet to alternative fuel vehicles as part of its commitment to ecomagination. The addition of the Ford vehicles brings the number of alternative fuel vehicles in GE's fleet to more than 5,000 toward its goal of 25,000 vehicles. To date, GE employees have driven approximately 18 million miles in the company's alternative fuel vehicles, saving about $2 million in gasoline costs and reducing CO2 emissions by approximately 12 million pounds.

Source
Daily Finance