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

Related Content

  • February 5, 2016
    UK government funds connected vehicle development with a Flourish
    The UK government has selected the Flourish consortium as a winner of its multi-million pound research grant to fuel development in user-centric autonomous vehicle technology and connected transport systems. The new programme, co-funded by the UK’s innovation agency, Innovate UK, will focus on the core themes of connectivity, autonomy and customer interaction. The three-year project, led by Atkins and worth US$8 million, seeks to develop products and services that maximise the benefits of connected and
    Read More
  • October 19, 2016
    Future for connected cars ‘looks promising, but obstacles remain’
    A new report released today by The Economist Intelligence Unit (The EIU) highlights that the huge investment already going into research and development for connected vehicles is reaping rewards. However, several obstacles still remain – from privacy and security concerns, to a lack of infrastructure, the need for a legislative framework, issues around congestion and pollution and the very real threat from on-demand transport disruptors such as Uber and Lyft. Matt Kendall, telecoms analyst at The EIU, sa
    Read More
  • April 25, 2013
    Diverse development of tolling business models
    A diversity of tolling business models offers a wider toolbox of highway finance options, as the IBTTA’s Patrick Jones explains. The business models for America’s tolled highways have gone through several different evolutions over the last 75 years, reflecting a succession of shifts in transportation policy and politics, financing and funding models, urban patterns, customer needs, and technology. And with more and more decision-makers expressing renewed interest in tolling, it’s that very diversity that ma
    Read More
  • May 24, 2021
    Cost Benefit: There’s still life in the RSU
    A mixture of mobile and static roadside units may be what’s required to fulfil the needs of connected vehicle communications
    Read More

Highlighted Content