How rich is William Clay Ford Jr.?
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Ford can also be the Vice Chairman of the Detroit Lions NFL franchise. Bill Ford has driven an electric Ford Ranger EV, and now a Hybrid Electrical Escape. In 2000, he declared the organization would realize a 25% improvement in fuel efficiency in the organization ‘s light truck fleet, including SUVs, by mid-decade. That dedication proved to be impractical, given consumer taste for hefty towing capability and big, strong engines in their own trucks; the firm declared in 2003 that competitive market conditions and technological and cost challenges would keep it from reaching the target. Ford terminated its on-going electric vehicle plan as impractical and unaffordable from a lucrative company point of view. Some environmentalists[who?] Challenged Bill Ford as well as the Organization ‘s dedication to environmental concerns, yet others pointed to Ford Motor Company’s continued promotion of the fuel-thirsty SUVs as signs of an other-than-eco-friendly corporate plan. Ford’s position is that for the organization to stay profitable and competitive (and stay in business), it must provide what customers demand. During 2006, there was an unexpectedly big swing in consumer demand from pick-ups and SUVs to smaller cars and crossover vehicles, as a result of rapid increases in gas costs, and Ford Motor Company was mostly unprepared for this kind of surprising shift in demand. Ford declared that half of the car line will soon be accessible with complex hybrid-electric powerplant choices by 2010, even though the Organization ‘s earlier assurance to construct 250,000 hybrid vehicles a year by 2010 proved to be too confident, and had to be left. Ford also continues to examine Fuel Cell-powered electric powertrains, and is exhibiting hydrogen-fueled internal combustion engine technologies, in addition to developing the next-generation hybrid-electric systems. Additionally, to the Ford Escape, Hybrid Escape, Mercury Mariner, and Mazda Tribute, Ford is now promoting high efficiency crossover SUVs including the Ford Freestyle, as well as the Volvo XC70 and Volvo XC90. Ford is also developing sporty new crossover SUVs, like the Ford Edge, Lincoln MKX, and Mazda CX-7.