Ford (F) to Develop City-based Mobility Solutions, Buy Chariot

An image of a stock chart with money, a calculator and a pen lying on it.
Credit: Shutterstock photo

Ford Motor Co.F is creating a new City Solutions team that will work with several major global cities to develop mobility solutions aimed at solving unique transportation challenges faced by each city. The company has selected San Francisco as the first city to implement this strategy, while discussions are on with several others.

Working toward this goal, Ford has signed an agreement to acquire a San Francisco-based crowd-sourced shuttle service called Chariot and has teamed up with bike-sharing provider Motivate. Through the acquisition of Chariot, Ford is planning to venture into the global shuttle services business.

Chariot currently operates around 100 Ford Transit shuttles along specific routes in the San Francisco Bay Area. Ford plans to expand shuttle services to five other markets in the next 18 months.

Meanwhile, the bike-sharing service Motivate is planning to work with Ford and San Francisco city officials to add new stations and increase the number of bikes to 7,000 in the Bay Area by 2018-end. Ford is planning to launch the GoBike service under its FordPass platform next year.

The addition of new modes of transport such as bikes and shuttles will diversify Ford's revenue sources.



Zacks Rank

Ford currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked automobile stocks include Spartan Motors Inc. SPAR , Superior Industries International, Inc. SUP and Cooper-Standard Holdings Inc. CPS . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

FORD MOTOR CO (F): Free Stock Analysis Report

SUPERIOR INDS (SUP): Free Stock Analysis Report

SPARTAN MOTORS (SPAR): Free Stock Analysis Report

COOPER-STANDARD (CPS): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More