Ford invests 182 million in cloud-based software company Pivotal
Two miles apart in Palo Alto, workers from Ford Motor Co. and General Motors Co. are hustling to establish a role for their companies in a future in which consumers don't own cars and the vehicles steer themselves. On Thursday, it became ever more clear that the Michigan automakers and their West Coast outposts won't be going at it alone. They'll be depending big time on software-developing neighbors in Silicon Valley and San Francisco. Ford announced an 182.2-million investment in Pivotal Software Inc., a San Francisco company whose programs are already used by the likes of Lockheed Martin and Allstate Corp., to quickly develop their own computer applications. "Expanding our business to be both an auto and mobility company requires leading-edge software expertise," Ford Chief Executive Mark Fields said in a statement.
May-6-2016, 03:15:44 GMT
- Country:
- North America > United States
- Michigan
- Wayne County > Dearborn (0.05)
- Macomb County > Warren (0.05)
- California
- San Francisco County > San Francisco (0.48)
- Santa Clara County > Palo Alto (0.26)
- Michigan
- Asia > China
- North America > United States
- Industry:
- Information Technology (1.00)
- Automobiles & Trucks > Manufacturer (1.00)
- Transportation > Ground
- Road (1.00)
- Technology: