The Car and Truck Fleet and Leasing Management Magazine

Land Rover and Ford Explore Hybrid R&D

November 15, 2004

Land Rover and Ford Motor Co. are discussing development of hybrid engines, according to a report in The Financial Times.Land Rover chairman and chief executive Joe Greenwell has confirmed that the company is considering developing new hybrid electric engines based on parent company Ford Motor's hybrid technology, spurred by potential taxes or partial use bans on sport utility vehicles (SUVs).
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A specialized version of an open end lease used in the United States primarily for automobiles and light-duty trucks. TRAC is an acronym for "Terminal Rent Adjustment Clause," an arrangement featuring a final rental adjustment on the lease which occurs after the vehicle is removed from service and sold.

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