Ford Acquires Tech Companies as Part of Mobility Strategy
In what many believe is a step toward a greater role in mobility, automaker Ford this week acquired Journey Holding Corporation, which develops intelligent transportation software, and Quantum Signal AI, which develops robotics–notably a testing simulator for artificial intelligence (AI) systems; it develops systems for the U.S. military. Ford said the buys will help advance its Transportation as a Service (TaaS) platform.
Journey Holding will be merged with TransLoc, which was bought by Ford earlier this year and develops technology for transit operations. Together, the entity will provide micro-transit on demand services. Analysts say this week’s acquisitions will help Ford get closer to its goal of launching autonomous vehicles by 2021.