Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Ford CEO Mark Fields Jumps On the Ride Service Bandwagon

Fields says Ford has the three things it needs to get Dynamic Shuttle off off to a winning start: vehicles, and advanced app and demand.

Ford CEO Mark Fields

Uber and Lyft have been disrupting cab companies with their app-based ride hailing services. Cabbies have a lot to be upset about and are taking their dissatisfaction to court, while one of Detroit’s Big Three, Ford, has nothing to lose from the likes of Uber, and is jumping on the bandwagon with its own service.

Mark Fields, the first Jewish CEO of Ford, calls the ride sharing service the Dynamic Shuttle Experiment. He told Buzzfeed that the service will pick up and drop off passengers that will be “dynamically determined based on the demand of users.” Fields says Ford has the three things it needs to get Dynamic Shuttle off off to a winning start: vehicles, and advanced app and demand.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Fortune raises the question of whether this is a new business for Ford or if the operative word in the Dynamic Shuttle Experiment is “experiment” to see if the entire trend of car ownership is fundamentally changing. Fields says that while he doesn’t envision the possibility of people wanting to share their cars happening in the very near future, he said, according to Fortune that Ford will, “pivot to a certain degree from just being a core hardware business to providing a service.”

Newsletter



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

History & Archeology

A groundbreaking discovery in the Manot Cave in the Western Galilee, Israel has unearthed the earliest evidence in the Levant (and among the world's...