Nov 15, 2018

Ford eyes self-driving cars beyond ride-hailing

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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Illustration: Eniola Odetunde/Axios

COLUMBIA, S.C. — Most Joe Biden admirers Axios interviewed in South Carolina, where he's vowed to win today's primary, said they're unfazed by his embarrassing losses in Iowa, New Hampshire and Nevada.

Why it matters: Biden has bet it all on South Carolina to position himself as the best alternative to Bernie Sanders — his "good buddy," he tells voters before skewering Sanders' record and ideas.

Coronavirus updates: Market ends worst week since financial crisis

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The stock market ended its worst week since the financial crisis, prompting the Fed to release a statement. Meanwhile, the WHO warned that countries are losing their chance to contain the novel coronavirus and raised its global risk assessment to "very high" Friday.

The big picture: COVID-19 has killed more than 2,860 people and infected more than 84,000 others in over 60 countries and territories outside the epicenter in mainland China. The number of new cases reported outside China now exceed those inside the country.

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Gov. Gavin Newsom. Photo: Kevork Djansezian/Getty Images

A new case of the novel coronavirus in California was announced on Friday after Gov. Gavin Newsom said Thursday that 33 people had tested positive for the virus, noting the risk to the public remains low.

What's new: An adult woman with chronic health conditions in Santa Clara County who "did not recently travel overseas" or come into contact with anyone known to be ill was confirmed to have contracted the coronavirus on Friday by CDC and California Department of Public Health officials.

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