Ford, Edison Ready to Work on Plug-in Car - 7/9/07

Ford Motor Co. and power utility Southern California Edison will announce an unusual alliance Monday aimed at clearing the way for a new generation of rechargeable electric cars, the companies said.

Both chief executives will announce a "joint initiative" that represents a first-of-its-kind tie-up between a major automaker and a major utility in the area of "plug-in" hybrid vehicle technology, representatives of both companies said.

Further details were not readily available, but environmental advocates said the tie-up showed the momentum building for developing rechargeable hybrid vehicles as a way to reduce oil consumption and CO2 gas emissions.

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