Ron Burgundy Posted August 16, 2016 Share Posted August 16, 2016 By Alexandria Sage and Paul Lienert PALO ALTO/DETROIT (Reuters) - Ford Motor Co plans to offer a fully automated driverless vehicle for commercial ride-sharing in 2021, the automaker announced Tuesday, expanding its efforts in driverless cars and ride sharing - two areas where rivals have already made inroads. To help speed development of self-driving cars, Chief Executive Mark Fields said Ford is hiking investments in Silicon Valley technology firms, tripling its investment in semi-autonomous systems, and more than doubling the size of its Palo Alto research team while expanding its campus in Silicon Valley. "We're not in a race to be first," Fields said at the company's Palo Alto research and development lab, adding he was not concerned that rival General Motors had made a high-stakes play in ride services with its $500 million investment in Lyft in January. View the full article Quote Link to comment Share on other sites More sharing options...
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