Ford's self-driving test vehicle in Miami (Image credit: Ford)

Ford is developing a broad transportation service platform to take advantage of what it says is a $332 billion business opportunity for autonomous vehicles.

Why it matters: Amid all the hype about autonomous vehicles, little attention is paid to the business case for driverless cars. Ford’s plan is to keep its AVs running nearly round-the-clock by catering to both ride-hailing consumers and business customers.

“What will win this game in the future is not just the pure science. It’s how people will use it. People will be our constant focus.”
— Ford CEO James Hackett

The big picture: Ford says the total addressable market for autonomous vehicles is $332 billion by 2026, citing data from Frost & Sullivan and Morgan Stanley.

  • $202 billion will be ride-hailing in urban areas
  • $130 billion will be “last-mile” goods delivery for retailers like Wal-Mart and small businesses like dry cleaners and florists.

What’s happening: Ford is building its business strategy city-by-city, starting with Miami, where it has been testing a fleet of autonomous vehicles with various partners since February. Every city has unique transportation needs, which is why it's important to collaborate with city officials, Ford says. Next up: Washington, D.C., starting in 2019.

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Scoop: Don Jr. plans convention-week Biden book

Cover via Don Jr.

Donald Trump Jr., in quarantine since girlfriend Kimberly Guilfoyle tested positive for the coronavirus, says he's used the time to finish a book that he'll self-publish the week of the Republican convention, at the end of August.

What he's saying: Don Jr., whose controversial blasts connect with President Trump's base, told me in a phone interview that "Liberal Privilege" will be his effort to paint a picture of Joe Biden and his record that the press ignores.

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Illustration: Sarah Grillo/Axios

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Romney calls Stone commutation "historic corruption"

Sen. Mitt Romney. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Sen. Mitt Romney (R-Utah) on Saturday tweeted a scathing response to President Trump's Friday night commutation of former associate Roger Stone's prison sentence, calling the move "[u]nprecedented, historic corruption."

Why it matters: Romney has emerged as the party's most prominent Trump critic. He sent shockwaves through Washington after announcing he would vote to convict Trump in the impeachment trial — becoming the only Senate Republican to break ranks and vote for the president's removal from office. Now he is the first major GOP lawmaker to condemn Trump's Friday night call regarding Stone.