See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Ford Motor Company (F) - free report >>
Superior Industries International, Inc. (SUP) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ford Motor Company (F) - free report >>
Superior Industries International, Inc. (SUP) - free report >>
Image: Bigstock
Ford (F) to Develop City-based Mobility Solutions, Buy Chariot
Ford Motor Co. (F - Free Report) is creating a new City Solutions team that will work with several major global cities to develop mobility solutions aimed at solving unique transportation challenges faced by each city. The company has selected San Francisco as the first city to implement this strategy, while discussions are on with several others.
Working toward this goal, Ford has signed an agreement to acquire a San Francisco-based crowd-sourced shuttle service called Chariot and has teamed up with bike-sharing provider Motivate. Through the acquisition of Chariot, Ford is planning to venture into the global shuttle services business.
Chariot currently operates around 100 Ford Transit shuttles along specific routes in the San Francisco Bay Area. Ford plans to expand shuttle services to five other markets in the next 18 months.
Meanwhile, the bike-sharing service Motivate is planning to work with Ford and San Francisco city officials to add new stations and increase the number of bikes to 7,000 in the Bay Area by 2018-end. Ford is planning to launch the GoBike service under its FordPass platform next year.
The addition of new modes of transport such as bikes and shuttles will diversify Ford’s revenue sources.
FORD MOTOR CO Price
FORD MOTOR CO Price | FORD MOTOR CO Quote
Zacks Rank
Ford currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked automobile stocks include Spartan Motors Inc. , Superior Industries International, Inc. (SUP - Free Report) and Cooper-Standard Holdings Inc. (CPS - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>