Chariot, a private bus company acquired by Ford for US$65m in 2016, has announced it will cease all operations imminently.
It comes as a surprise, with the brand seemingly a linchpin of Ford’s push to become not just an automaker, but also a mobility provider. It is a body blow for Ford, which in recent years has been under significant pressure from shareholders to better position itself for growth.
Dan Grossman,
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