New Ford subsidiary to develop mobility services

Ford Motor Company is investing in expanding its smart mobility development with the establishment of a new subsidiary, Ford Smart Mobility, which the company says is designed to compete like a startup company. Ford Smart Mobility will design and build mobility services on its own and collaborate with start-ups and tech companies. The subsidiary is part of Ford’s expanded business model to be both an auto and a mobility company. The company is continuing to focus on and investing in its core business – d
March 14, 2016 Read time: 2 mins
278 Ford Motor Company is investing in expanding its smart mobility development with the establishment of a new subsidiary, Ford Smart Mobility, which the company says is designed to compete like a startup company.

Ford Smart Mobility will design and build mobility services on its own and collaborate with start-ups and tech companies. The subsidiary is part of Ford’s expanded business model to be both an auto and a mobility company. The company is continuing to focus on and investing in its core business – designing, manufacturing, marketing, financing and servicing cars, SUVs, trucks and electrified vehicles.

At the same time, Ford is pursuing emerging opportunities through Ford Smart Mobility, the company’s plan to be a leader in connectivity, mobility, autonomous vehicles, the customer experience and data and analytics.

“Ford Smart Mobility and expanding into mobility services are significant growth opportunities,” said Mark Fields, president and CEO, Ford Motor Company. “Our plan is to quickly become part of the growing transportation services market, which already accounts for US$5.4 trillion in annual revenue.”
Location Based Systems

For more information on companies in this article

Related Content

  • VTT appoints autonomous systems subsidiary CEO
    November 15, 2019
    VTT has appointed Jere Laaksonen as CEO of a new subsidiary aimed at developing autonomous systems. The company says VTT Sense Way will provide autonomous systems for transport, logistics and mobile work machines. VTT’s CEO Antti Vasara says the company is looking for solutions to tackle challenges such as resource sufficiency and industrial renewal. “We want to ensure that the results of cutting-edge research reach the markets and become a part of the business world and people’s everyday lives more rapi
    Read More
  • Hella and Autoliv sign license and cooperation agreement
    May 18, 2012
    Hella Aglaia Mobile Vision, a subsidiary of Hella KGaA Hueck & Co., and Autoliv have agreed to cooperate and further develop their automotive forward-looking vision systems together. As part of the agreement that bundles the competencies of both companies, Hella Aglaia is selling an exclusive license on monovision based algorithms for traffic sign recognition (TSR), lane detection and light source recognition to Autoliv. By monitoring traffic signs, TSR helps the driver to keep the correct speed and follow
    Read More
  • Global toll revenues $8.5bn while technology ‘battles’ continue
    April 9, 2014
    ABI Research’s Dominique Bonte talks to Jason Barnes about trends in tolling and how a wider appreciation of technology options is sorely needed. Global Electronic Toll Collection (ETC) solution revenues will grow to $8.5bn by 2018, with ETC becoming a main source of funding for both Intelligent Transport Systems (ITS) and Vehicle-to-X (V2X) cooperative infrastructures, according to a new report from ABI Research (Chart 1). But, says the report’s author, ABI Research vice president and practice director Dom
    Read More
  • Tolling agencies build resilience into highway operations
    August 6, 2013
    IBTTA executive director and CEO Patrick D. Jones looks at tolling’s resilience in an increasingly unpredictable and cash-strapped world. Turbulent times call for transportation agencies to move smarter. That’s why resilience and preparedness have become watchwords in every aspect of tollway operations. From having the financial resources to invest in construction, maintenance and roadway operations, to having up-to-date emergency plans and social media strategies to cope with severe weather, tolling agenci
    Read More

Highlighted Content