Business World

Ford, Lyft will partner to deploy self-driving cars

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DETROIT — Ford Motor Co. said on Wednesday it will collaborat­e with Lyft to deploy Ford self-driving vehicles on the ride services company’s network in large numbers by 2021.

Ford and Lyft teams will begin working together to design software to allow Ford vehicles to communicat­e with Lyft’s smartphone apps.

Ford self-driving test vehicles will be connected to Lyft’s network, but at first, customers will not be able to use them, Sherif Marakby, Ford’s vice-president for autonomous vehicles and electrific­ation, told Reuters. Ford will put human-driven vehicles on Lyft’s network.

He did not say when Ford and Lyft expect to offer the first rides in self-driving cars.

“We’re not building prototypes for the sake of building prototypes,” Marakby said, adding Ford intends to ultimately put thousands of selfdrivin­g vehicles in use.

Ford’s new Chief Executive Jim Hackett is scheduled to meet with investors on Tuesday to outline the Dearborn, Michigan automaker’s strategy for boosting profitabil­ity. Ford shares are down 1.65% so far this year, while Detroit rival General Motors Co.’s shares have risen 15.6%, and Fiat Chrysler Automobile­s NV shares are up 71%.

Mr. Hackett’s plans to compete for revenue from mobility services, which include car sharing and ride hailing, will be one area of focus for investors. The Lyft partnershi­p fills in a piece of the puzzle.

Ford also is testing delivery services using self-driving vehicles and a van shuttle service. The self-driving vehicles Ford will deploy through Lyft will use software developed by Argo AI, a company in which Ford is investing $1 billion over the next five years.

The company has said it will invest $700 million in a factory in Flat Rock, Michigan, to make it capable of building electric and self driving vehicles.

Lyft has said it will offer an open platform for companies to deploy self-driving vehicles on its network, and has partnershi­ps with self-driving vehicle technology start- up Drive. ai and Alphabet, Inc.’s Waymo self driving car unit.

GM has a 9% stake in Lyft, acquired for $ 500 million in January 2016. “Our relationsh­ip with GM has always been a non-exclusive relationsh­ip,” Raj Kapoor, Lyft’s chief strategy officer, told Reuters.

GM is also assembling the assets necessary to launch its own ride services using selfdrivin­g cars, building its Maven car-sharing unit and preparing to launch mass production of autonomous Chevrolet Bolt electric cars at a factory in suburban Detroit. —

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