Ford to invest $4bn in AV business segment by 2023
Auto giant Ford intends to invest $4bn by 2023 to develop an autonomous vehicle (AV) business unit. The new subsidiary will be located mainly at its Corktown campus in Detroit. Called Ford Autonomous Vehicles, the business will host the company’s self-driving systems integration, AV research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams. A report by TechCrunch says the initiative includes a $1bn investment
July 31, 2018
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Auto giant 278 Ford intends to invest $4bn by 2023 to develop an autonomous vehicle (AV) business unit. The new subsidiary will be located mainly at its Corktown campus in Detroit.
Called Ford Autonomous Vehicles, the business will host the company’s self-driving systems integration, AV research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams.
A report by %$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external TechCrunchTechCrunch linkfalsehttps://guce.oath.com/collectConsent?brandType=nonEu&.done=https%3A%2F%2Ftechcrunch.com%2F2018%2F07%2F24%2Fford-plans-to-spend-4-billion-on-autonomous-vehicles-by-2023%2F%3Fguccounter%3D1&sessionId=3_cc-session_51314c9f-1970-47f7-a547-41a553c7763c&lang=&inline=falsefalsefalse%> says the initiative includes a $1bn investment in Argo AI, Ford’s Pittsburgh-based partner for self-driving system development.
Jim Hackett, CEO of Ford, says: “Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead.”
Sherif Marakby, who leads the company’s AV and electrification division, has been appointed CEO of Ford Autonomous Vehicles.
Transportation company Nauto has launched its Prevent solution to help eliminate distracted driving by alerting motorists when their eyes have strayed off the road for too long. The company hopes to reduce accidents and collisions - before the large-scale arrival of autonomous vehicles.
A report by TechCrunch says the device will send a voice notification if motorists are distracted for more than five seconds and are driving at 60mph. An alarm will follow if the user's attention has not returned to drivi
Lyft is offering free trips for cancer patients seeking treatment in Atlanta, US. The initiative is part of an extended partnership with the American Cancer Society (ACS).
ASC uses Lyft’s Concierge web platform to request rides on behalf of patients who do not have a ride or who are unable to drive themselves, according to media reports.
The programme will also launch in Cincinnati, Denver, Houston, Los Angeles, New Jersey, Philadelphia and St. Louis.