
DaimlerChrysler AG pledged to build 500,000 ethanol-fuel vehicles annually, or a quarter of its U.S. production, by 2008, as automakers try to address concerns over heavy foreign oil consumption and high gas prices.
Thomas W. LaSorda, chief executive of Chrysler, made the pledge yesterday at a meeting of the Renewable Fuels Association in Washington, where President Bush announced measures aimed at reducing the country's dependence on foreign oil. He encouraged production of ethanol-powered cars and gasoline-electric hybrid vehicles.—by Sholnn Freeman, Washington Post

