It’s not an academic question: if your answer is yes, Mazda has a $1.1B share offering it wants you to participate in. Now that Ford has reduced its stake in Mazda, the Japanese automaker is finding itself short on all kinds of hybrid and EV development. In fact, Mazda’s planned offering will dilute Ford’s share even further, to 11 percent. Automotive News [sub] reports Mazda’s plan is to use the money to improve fuel economy by 30 percent by 2015 mainly by improving its internal combustion engines, gradually adding electric components such as a hybrid system. However, isn’t promising to offer a first hybrid (let’s pretend, as most of the world has, that the Tribute Hybrid never happened) by 2015 a bit like a TV company finally offering a flat screen within the next five years? Has Mazda dallied to long with hydro-rotary nonsense, or is Mazda’s Hail Mary worth betting on?