Jul 11, 2011
New fuel efficient, low resistance tires developed by Ford (NYSE:F) are expected to advance fuel economy by up to 2 mpg and are likely to be featured in Ford's up and coming C-Max Energi, C-Max Hybrid and the Focus Electric Cars.
David Rohweder, Ford's Global Chief Engineer for tire and wheel engineering said, "Tire technology, pressures and wear can make a big difference to a vehicle's fuel economy, so the company is working closely with leading tire companies to optimize performance with low-rolling-resistance tires." Ford Motor (NYSE:F) has a potential upside of 46.1% based on a current price of $13.5 and an average consensus analyst price target of $19.73.
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