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

Massport plan mitigates airport congestion by tweaking TNC operation

Board voted to reduce certain fees and add incentives to Logan International Airport's Express service to help boost ridership.

SamTrans, Via launch new on-demand transportation service

Will use Via's algorithm to match multiple passengers headed the same way, creating a highly affordable, convenient service.

DCTA approves $2.4M of on-call Mobility-as-a-Service contracts

A total of 37 firms responded to DCTA’s RFP and 31 were selected to become a part of the agency’s MaaS contract mode.

L.A. Mayor launches zero-emissions mobility pilot fund

Program will bring reduce greenhouse-gas emissions and bring the benefits of the green economy to disadvantaged communities.

DCTA expands on-demand service to airport

The company utilizes software from TransLoc — a technology provider of transit solutions.

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