Oct 27, 2006

Ford gives grants to Chinese environmental organizations

Ford Motor Company is losing billions of dollars in America, but Ford Motor China is giving money away. Thankfully it's for a good cause. Today, Ford announced the names of 23 individuals and organizations in China that will receive grants from Ford in China totaling about $131,000 US dollars (the number sounds much more impressive when expressed in Chinese yuan: 1.05 million). This is the 7th year of the Ford Motor Conservation & Environmental Grants, China (CEGC) and this year grants were given in three categories: Preserving Our Natural Environment, Environmental Education, and Youth Environmental Innovation. Perhaps to escape the money losing news at home, Bill Ford attended the event and to give a speech on the role of Corporate Social Responsibility in his company. I guess for Ford responsibility means spending fewer dollars on the environment in all of China than one 30-second prime-time TV spot in America.[Source: Ford Motor Company VIA-autobloggreen.com]