Ford is acquiring two companies, Autonomic, a Silicon Valley-based self-driving start-up and TransLoc, a transit-technology company out of Durham, North Carolina, that develops city-owned microtransit systems.
This acquisition creates a new Ford X team, dedicated to experimenting with new business models for mobility, including the cloud platform.
The team is designed to be forward-thinking, and not every idea will reach the market. The idea is to “protect the incubation group from running mature businesses,” Ford’s president of mobility Marcy Klevorn said on a conference call Thursday.
Read the article at The Detroit News.