Mobility

Ford creates autonomous vehicle-focused co. to accelerate progress

Posted on July 26, 2018

Ford
Ford

Ford Motor Co. created Ford Autonomous Vehicles LLC, a new organization charged with accelerating its AV business to capitalize on market opportunities. The company also detailed key organizational changes designed to improve its operational fitness and drive profitable growth.

The company is organizing its self-driving business into Ford Autonomous Vehicles LLC, which will include Ford’s self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy, and business development teams. The new LLC, which is structured to take on third-party investment, will be primarily based at Ford’s Corktown campus in Detroit and will hold Ford’s ownership stake in Argo AI, the company’s Pittsburgh-based partner for self-driving system development. Ford expects to invest $4 billion in its AV efforts through 2023, including its $1 billion investment in Argo AI.

Sherif Marakby, currently Ford VP, autonomous vehicles and electrification, is appointed CEO of Ford Autonomous Vehicles LLC reporting to a board of directors chaired by Marcy Klevorn, Ford’s executive VP and president, mobility. The closer alignment of the self-driving platform and the mobility solutions teams will allow faster development of businesses that can thrive in the pre- and post-autonomous vehicle worlds.

“Ford has made tremendous progress across the self-driving value chain – from technology development to business model innovation to user experience,” said Jim Hackett, president and CEO, Ford Motor Co. “Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead.”

With Marakby’s move, Ted Cannis, global director, electrification, will lead Ford’s Team Edison, the team responsible for developing and bringing to market next-generation electric vehicles. Team Edison will continue to report to Jim Farley, executive VP and president, global markets.

Ford’s electric vehicle strategy includes rethinking the ownership experience, including making charging an effortless experience at home and on the road, as well as offering full-vehicle over-the-air software updates to enhance capability and features.

All organization changes announced today are effective Aug. 1.

View comments or post a comment on this story. (0 Comments)

More News

Transit Marketing Group partners with Sportworks Northwest

Sportworks transit bicycle racks are designed and fabricated in the U.S. and are Buy America-compliant.

COTA launches new microtransit service

The program is a partnership with Grove City with options to expand service in the future, as needed.

NYC ride-sharing study has implications for policymakers

The fact that Uber and Lyft are companies primarily driven by profit raises significant equity concerns.

Transport for London renews ViaVan microtransit service for 3 years

ViaVan has provided more than 7M rides in London and saved 2M vehicle miles by pooling multiple passengers into shared vehicles.

Ride-hailing services may be driving up traffic deaths

Arrival of ride-hailing is linked to an increase of approximately 3% in the number of motor vehicle fatalities and fatal accidents, study says.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation