Ford made a statement of intent back in 2016 when it launched Ford Smart Mobility, a subsidiary dedicated to developing mobility services as sales of new vehicles stagnate, and urban residents abandon the notion of private ownership. The automaker has been upfront about the fact that at this point, it is a far from profitable enterprise – the segment reportedly lost roughly US$300m over the 2017 period.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
