FORD's news * USA: Heavy investment in new areas
* Michigan - Ford plans autonomous-car services
Ford Motor Co. made its latest plea for investors to view the auto maker more like a Silicon Valley company, promising lofty returns on future ventures while warning near-term profit will be pinched by deep investment... The Dearborn, Mich., car maker told investors that its new business services unit eventually will deliver 20% margins, two-and-a-half-times its core auto-making operation. It updated its plans for venturing into robo-taxis, electric cars and other transportation services like bike-sharing and shuttle vans... Ford’s recent string of announcements, which include the purchase of a van-shuttle service in San Francisco and taking a stake in laser-sensor maker Velodyne Inc., have done little to soften Wall Street concerns about a cool-down in the U.S. market. Ford’s stock is down 11% since the start of 2016 despite the success of the F-150 pickup truck and the coming launch of F-series heavy-duty trucks, which are among the most profitable vehicles sold in the world...
(Photo from Ford) -- Dearborn, MICH, USA - The Detroit News, by Christina Rogers - Sept. 14, 2016
Labels: truckmakers news USA