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

  • IRD announces strong third quarter, launches new products
    October 14, 2016
    Intelligent transportation systems provider International Road Dynamics (IRD) has announced solid financial results for the third quarter of 2016, with revenues up 16.0 per cent to US$36.6 million (CA$48.4 million) on growth in key North American markets and an increase in gross margin to 32.5 per cent. Nett earnings increased 27.5 per cent to US$1.6 million (CA$2.2 million). The company says it is in a strong financial position with working capital of US$10 million ($13.3 million). According to Terry Be
    Read More
  • Volkswagen to step up EV development
    October 16, 2015
    Volkswagen will cut investment plans at its biggest division by US$1.1 billion a year and step up development of electric vehicles (EV), as it battles to cope with the fallout from its cheating of diesel emissions tests, according to Reuters. The German company also said it would speed up cost cutting at the VW division, its largest by revenues, and put only the latest and ‘best environmental technology’ in diesel vehicles.
    Read More
  • ST Electronics and IBM Singapore collaborate for smarter mobility
    September 12, 2014
    ST Electronics (Info-Comm Systems) and IBM Singapore have signed a Memorandum of Understanding (MOU) to collaborate and explore opportunities to leverage transport data analytics to promote smarter mobility. The MOU will enable both companies to develop a mutually beneficial partnership into new strategic growth areas in transport data analytics for exchange technical dialogue around their products and capabilities, specifically on the use of smart analytics for urban mobility solutions. They will explo
    Read More
  • Aimsun shifts 'from software delivery to outcome-based solutions'
    June 23, 2023
    Tech firm launches suite of five products to satisfy end-to-end transport modelling
    Read More

Highlighted Content