Ford Motor Co.
The Coca-Cola Company
) have collaborated to produce innovative car interior fabric
from renewable materials. The Ford Fusion Energi plug-in hybrid
research vehicle has used Coca-Cola Company's PlantBottle
Technology to make fabric for seat cushions, head restrains and
door panel inserts among others. This is the first time that this
technology is being used for anything other than packaging.
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Ford Fusion Energi plug-in hybrid concept vehicle, featuring
Coca-Cola PlantBottle Technology interior fabric, will be
showcased in the Los Angeles Auto Show later this month.
Ford has been working on renewable and recyclable materials to
provide sustainable designs and products. The material produced
by Ford using PlantBottle Technology comprises up to 30% of
This collaboration will help in reducing the consumption of
petroleum and other fossil fuels by replacing them with renewable
materials. The usage of PlantBottle interior fabrics in Ford
models in the U.S. will replace about 4 million pounds of
petroleum-derived materials and save almost 295,000 gallons of
gasoline and 6,000 barrels of oil.
Moreover, this collaboration will benefit from the huge client
base of both companies. Ford and Coca Cola have customer base in
200 countries across six continents.
Fusion Energi is one of the most fuel efficient vehicles of Ford.
It can travel up to 620 miles according to EPA. Moroever, it can
cover up to 21 miles in electric-only mode. It is also equipped
with SmartGauge with EcoGuide, which helps increase efficiency.
Ford currently carries a Zacks Rank #1 (Strong Buy). Other major
automobile stocks worth considering are
Fox Factory Holding Corp.
General Motors Company
), both carrying a Zacks Rank #2 (Buy).