Ford Buys Chariot

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The acquisition of Chariot, a San Francisco-based shuttle service will serve as the cornerstone of Ford’s new global shuttle services business.

Ford is establishing a new City Solutions team to work with cities around the world on their transportation needs, starting with San Francisco.

“We’re expanding our business to be both an auto and a mobility company, and partnering with cities on current and future transportation needs is the next major step,” said Mark Fields, Ford president and CEO. “For more than 100 years, Ford has been part of the community and the trusted source for automotive transportation. Now, we want to work with communities to offer even more transportation choices and solutions for people–for decades to come.”

According to Ford, by 2030, 60% of the world’s population will live in cities. As city populations grow, the challenges tied to moving people and goods around become tougher. Ford says they want to be part of the solution.

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