GM Continues to Speed Ahead of Ford, Despite CEO Shift

  • Natalie Mattila
  • May 26, 2017
General Motors Co. is leading the pack in mobility, even ahead of Ford Motor Co., thanks to its Maven program, 10% investment in Lyft, and rising popularity of the Chevrolet Bolt EV, Mobility Finance has learned. “I would say GM is ahead of Ford,” an unnamed source told Mobility Finance. “I am not sure if […]

Ford Smart Mobility Reports ‘Small Loss’ in 1Q, CFO Says

  • Emma Sandler
  • April 28, 2017
Ford Motor Co. saw a pre-tax accumulative loss of $212 million for its “all other” category — which includes Ford Smart Mobility LLC — in the first quarter, according to the company’s earnings call yesterday. The loss is a net interest expense on the OEM’s automotive debt related to investments in emerging opportunities, Robert Shanks, Ford’s executive […]

Ford Aims to Be Software System Integrator for Autonomous Cars

  • Emma Sandler
  • March 23, 2017
Ford Motor Co. wants to position itself as a “software system integrator” for autonomous vehicles, Bob Shanks, the automaker’s executive vice president and chief financial officer, said during Ford’s investor presentation call today. Rather than develop the technology in-house, Ford has been investing billions on autonomous software and transportation-as-a-service providers, in particular. Last month, the automaker announced its […]

Ford Backs Startup Autonomic, Pursues Investments in Mobility Services

  • Natalie Mattila
  • March 16, 2017
Ford Motor Co. invested in startup autonomous software company Autonomic, just one month after investing $1 billion in Argo AI. But artificial intelligence and autonomous software are not the only investment interests for the automaker. Ford will “aggressively pursue” opportunities in the mobility-as-a-service marketplace, Alan Hall, Ford’s communications manager for mobility technology, autonomous vehicles, research […]

Will Ford’s $1B AI Investment Change the Calculus for Driverless Cars?

  • Natalie Mattila
  • February 13, 2017
Artificial intelligence is coming to the transportation industry, as evidenced by Ford Motor Co.’s latest $1 billion investment in startup Argo AI, but will it spur utilization of driverless cars as a transportation service? While it doesn’t appear likely, at least for now, Ford has its eyes on the driverless prize, and looks to bring […]