Nov 20, 2014 5:08 AM
Ford: Lower oil prices unlikely to hurt green cars
The Associated Press
DUBAI, United Arab Emirates (AP) The chairman of Ford Motor Company says he doesn't think that a drop in oil prices will dissuade people from buying fuel-efficient vehicles.
Bill Ford, the great-grandson of company founder Henry Ford, says the firm will continue to push for green technology in cars.
He was speaking to a select group of media in the United Arab Emirates on Wednesday, where the company recently established a business unit to serve the Middle East and Africa.
Ford also gave a speech to a wider audience about his vision for the future. The Ford chairman has for several years been warning about gridlock traffic in the world's major cities and says what's needed is a "leap in thinking" to develop technology that would help alleviate congestion.