NYSE:F

Mercedes-Benz (ETR: DAI) recently announced that they will deploy 70 fuel cell vehicles onto California roads by 2012. The B-class Mercedes-Benz vehicles are designed to have a 270-mile driving range on one tank of hydrogen and take less than five minutes to refuel.

Ford Motor Company's Executive Chairman Bill Ford says the company will be staking its future in the production of fuel efficient vehicles.

 

Bill Ford says the technology not only exists to introduce electric vehicles to mainstream consumers, but the demand exists as well.

The past few months have seen Detroit automotive heavies, Ford (NYSE:F), General Motors Corporation (GM), and Chrysler, all announce plans to re-tool existing automobile factories to manufacture energy-efficient engines.

Currently hybrid and electric vehicles constitute only 3% of the world market for cars.  However, if actions by major car manufacturers are any indication, it looks as though that number will be on the rise throughout the near future.

 

Two up-and-coming cleantech players have intentions to breathe new life into Ford Motor Company's (NYSE: F) now-abandoned Wixom Assembly Plant in Southeastern Michigan—which for 50 years produced Lincoln Town Cars, Thunderbirds and other vehicles—converting the historic complex into an energy pa

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