News & Updates
Ford Motor Co. bought a stealthy Palo Alto startup this week that will be at the center of its push into new autonomous transport services.
The acquisition of Autonomic Inc. by the American car giant (NYSE:F) was one of two acquisitions it announced on Thursday. The 70-employee startup's CEO, Sunny Madra, will be in charge of a new incubator and accelerator program called “Ford X” that will develop new ride services.
— SILICON VALLEY BUSINESS JOURNAL
Ford is acquiring Autonomic and TransLoc, two of its partners, in deals that will help its new mobility business take shape. The acquisitions follow Ford’s announcement at CES earlier this month that it would be working with Silicon Valley-based Autonomic, a transportation architecture and technology provider, on its forthcoming Transportation Mobility Cloud open platform for cities and transportation partners.
Ford announced on Thursday it has acquired two companies, Autonomic and TransLoc, that will help Ford work toward a future business model with an increased emphasis on autonomous vehicles that can deliver goods for business and transport people.
Autonomic will help build the infrastructure Ford needs for mobility services that may rely on autonomous vehicles that can communicate with their surroundings. The startup "specializes in scale, architecture and leverage for transportation solutions," according to a press release from Ford.
— BUSINESS INSIDER
Ford Motor is acquiring two software startups and restructuring its two-year-old transportation subsidiary, Ford Smart Mobility, as it continues a strategy to expand beyond its traditional business of making and selling cars.
Ford Motor Company announced today that it was acquiring two transportation software companies, Autonomic and TransLoc. It also announced it would be reorganizing its mobility subsidiary in a bid to accelerate the delivery of new products, like microtransit services and self-driving cars
— THE VERGE
Ford and Silicon Valley-based Autonomic will work together to build a new open platform upon which cities can build out infrastructure communications, including connected traffic lights and parking spots, called the “Transportation Mobility Cloud.” Ford CEO Jim Hackett announced the news on Monday at the CES 2018 keynote kicking off the annual conference.
A decade ago this week, General Motors became the first automaker to bring an automated vehicle to CES, and then-CEO Rick Wagoner was the first to keynote the annual Las Vegas technology show. Plenty has changed since then as the U.S. auto industry went through a painful reorganization in 2009 and now potentially faces an even bigger existential threat brought about by the same technology GM brought here in 2008.
This network of technologies will live inside what Ford calls the Transportation Mobility Cloud, which the automaker is developing with Silicon Valley start-up Autonomic. The companies are offering this cloud as a framework for cities to create systems in which every piece of technology – from buses and self-driving cars, to the infrastructure of the traffic system itself – speaks the same language. By doing so, Ford says cities can reduce traffic congestion and parking problems, and allow millions of people to move into city centers.
— THE DETROIT NEWS
The announcements focus on providing cities with cloud services to better understand the autonomous vehicles zooming around their streets, building hardware for vehicles to communicate with one another, and testing new services that are powered by self-driving cars. They’re powered by a series of partnerships with companies like Postmates, Qualcomm, and Autonomic.
— VENTURE BEAT
Ford unveiled its new self-driving “platform” on which its partners like Lyft, Domino’s Pizza, and
Postmates — and even small- and medium-sized businesses — can tap into and reap the benefits of the auto giant’s fleet of autonomous vehicles. It’s an aggressive approach to the future of transportation, especially when taken with Ford’s other announcements today regarding its work with Qualcomm and its creation of something it calls the “Transportation Mobility Cloud.” In the simplest terms, Ford is tired of being just a car company; now it wants to be seen as an operating system for the future of mobility.
— THE VERGE
"Ford is taking a strong stand for the industry to develop a set of rules,” Autonomic CEO Sunny Madra told The Verge in advance of Ford CEO Jim Hackett’s keynote speech.
— THE VERGE
Ford and Silicon Valley start-up Autonomic said on Tuesday they will develop the Transportation Mobility Cloud to ease the flow of information in futuristic cities so that all the modes of transportation, from cars and bikes to mass transit, can work together.