Like GM, Ford Decides They’d Better Start Producing Smaller, More Fuel-Efficient Cars : Gas 2.0

With gas prices above $4 / gallon, most Americans are shying away from giant gas-guzzling vehicles in favor of smaller fuel efficient models. Starting in December, Ford said it will accelerate production of their new EcoBoost engine technology, double hybrid production and lineup, and downsize vehicles across the board. By 2010, Ford says 2/3 of its spending will be on small cars and crossovers, and it will pull six small European models to the US by 2012.