USA giant Ford mulls 'car ATM' in China

09 December, 2017, 04:47 | Author: Elaine Woods
  • Alibaba, Ford Partner to Redefine the Driving Experience

However, within this, the two companies also mentioned that they would be exploring new retail opportunities - something that is likely to see Ford begin selling its vehicles through the online sphere of Alibaba.

Ford Motor (F) sees a future where more cars could be sold online in China and plans to partner with e-commerce titan Alibaba (BABA) to test vehicle sales through its online retail platform, sources told Reuters.

The report says that Ford bigwigs, including Blue Oval executive chairman Bill Ford Jr. and CEO Jim Hackett, are expected to be in Hangzhou today to sign a letter of intent that outlines the scope of the new partnership.

A source also indicated that Alibaba may consider a "vending machine" style approach to selling cars.

In October alone, 77,000 full electric vehicles were manufactured and an equal number of them were sold, up more than 76 percent and 95 percent respectively.

Back to Fords on Tmall, the model allows shoppers with good credit to purchase a auto with a 10% downpayment, and then make monthly payments via Alibaba's Alipay.

LiAngelo Ball Is Leaving UCLA Without Having Played a Game
Ball, freshmen Cody Riley and Jalen Hill were arrested while their team was in China for their season opener. The three players were subsequently suspended indefinitely by the team after returning to the United States.

American Airlines Addresses Scheduling Nightmare
The APA, meanwhile, advised pilots not to sign on, saying that the airline's solution violated the union contract. If you're flying American Airlines over the holidays, you can breathe a sigh of relief.

Argentina's missing submarine: ARA San Juan commander's final message before disappearance revealed
Family members of the crew, however, have told local media outlets the submarine was in poor shape. "It is not that I want this". Experts say the 44 crew members only had enough oxygen to last up to 10 days if the sub remained intact but submerged.

The tie-up came just days after Ford announced plans to launch 50 models of new vehicles in China by 2025, including at least 15 electrified cars, and pledged to have all new Ford and Lincoln-branded vehicles in China to be internet-connected by the end of 2019.

"When online sales and direct sales volume was small that's one thing".

Speaking to Reuters, head of Shanghai-based consultancy Automotive Foresight, Yale Zhang, said it will hurt traditional dealers. "Retail innovation is great, but it is by its nature disruptive and can't keep everybody happy".

Should Ford choose to provide the cars directly to Alibaba, the deal could anger dealers who are losing out both on potential auto sales as well as the financing behind it.

Ford's China sales have been sluggish in recent months in part because it has failed to catch on to rapidly changing trends in the marketplace, including the rise of entry-level cars popular in smaller and lesser-known cities, where demand is booming.

Recommended:

  • Taylor Swift Is A Time Person Of The Year

    Taylor Swift Is A Time Person Of The Year

    From Harvey Weinstein to Kevin Spacey, several high-profile individuals have lost their job after cases of sexual harassment were reported against them.
    Mega Man 11, Mega Man X collections announced

    Mega Man 11, Mega Man X collections announced

    In Mega Man 11 , the Blue Bomber will again be collecting power-ups, fighting bosses and traveling through some hard levels. Additionally, Mega Man Legacy Collection 1 and 2 will be coming to the Switch in 2018 with added amiibo support.
    Arsenal 1-3 Manchester United (Week 15)

    Arsenal 1-3 Manchester United (Week 15)

    They comfortably held on despite Paul Pogba being sent off for a risky challenge late on, punishing Arsenal for early defensive mistakes.
  • Amazon Prime Video For Apple TV With Universal Search Feature Rolls Out

    Amazon Prime Video For Apple TV With Universal Search Feature Rolls Out

    Starting tomorrow, Prime members in the USA can enjoy Thursday Night Football on the Apple TV app for iPhone, iPad and Apple TV. Apple TV users have always been demanding the app, but the unstable relationship between the two companies delayed the process.
    Voyager 1 Fires Up Thrusters After 37 Years

    Voyager 1 Fires Up Thrusters After 37 Years

    Yet Voyager 1, NASA's furthest-travelled spacecraft, has just fired up a set of thrusters that haven't been used for 37 years. For this development, the Voyager team got together a group of propulsion experts in order to study the problem.
    Tunisia coach Maaloul targets World Cup opener against England

    Tunisia coach Maaloul targets World Cup opener against England

    The Hand of God plucked the ball containing England's name from a pot during the draw staged inside Moscow's State Kremlin Palace. Southgate took charge of the Three Lions in September 2016 and has led the country to qualification for the 2018 World Cup .
  • Google Safe Browsing Extends to Android Apps Requiring User and Device Data

    Google Safe Browsing Extends to Android Apps Requiring User and Device Data

    The company has updated its Unwanted Software Policy page and the guidance page on how app developers should handle user data. Any apps that fail to display a custom privacy policy will find that their Play Store listing is slapped with a warning.
    Feds want to seize Martin Shkreli's Wu-Tang Clan album

    Feds want to seize Martin Shkreli's Wu-Tang Clan album

    His attorney, Benjamin Brafman, wrote in a statement that "We will vigorously oppose the government motion. Accordingly, forfeiture of any assets is not an appropriate remedy".
    Missing 17-year-old Florida girl could be in Georgia

    Missing 17-year-old Florida girl could be in Georgia

    I feel that you do not have all the facts about your situation and I know you do not have the facts about how we feel right now. A 17-year-old Florida high school soccer player has run away with a boy's soccer coach in Columbia County, authorities say.
  • Saleh Seeks New Page With Saudi-Led Coalition as Yemen Clashes Rage

    Saleh Seeks New Page With Saudi-Led Coalition as Yemen Clashes Rage

    Officials working at the TV station say Houthis raided its headquarters. He said his offer would require Riyadh to stop attacks on Yemen.
    Support Toys for Tots

    Support Toys for Tots

    Children who are registered with any other organization will not be eligible to receive toys through Toys For Tots . Toys for Tots is a 501 (c)(3) charity that can give a tax exempt letter for any space donated to the program.
    Andy Rubin Left Google After 'Inappropriate Relationship'

    Andy Rubin Left Google After 'Inappropriate Relationship'

    The alleged misconduct happened before 2013, while Rubin was working with the employee in question in the Android department. The site reports that Rubin left Google after a woman made a complaint to HR detailing her relationship with the executive.


Popular

Serena Williams set to make comeback at the 2018 Australian Open
In January 2017, Serena Williams defeated her sister Venus Williams to lift the Australian Open . Today, he told the Herald Sun that Williams's participation in the tournament is "very likely".

Facebook Testing Out Direct, a Standalone Messaging Application for Instagram
Direct, which now opens to the camera in a similar way as to how the other social media photo-based platform Snapchat does. Whether that happens later or not remains to be seen but it makes sense for it to be within the messaging app.

Two students shot outside Washington high school, sheriff's office says
This is a scary situation and we are proud of how our staff, students and families have been and are still reacting to it. Multiple officers responded from multiple agencies, Troyer said, and no one other than the two students were hurt.

OnePlus announces special 5T Star War Limited Edition at Comic Con India
The volume button on the left and the power button on the right are painted black, but the alert slider is coated red. Through Amazon.in, at the OnePlusStore.in, and at the OnePlus experience zone in Bengaluru and Noida.

US Special Counsel Robert Mueller has subpoenaed Donald Trump's Deutsche Bank records
In 2012, his Trump International Hotel Hotel and Tower in Chicago was loaned up to $640m, according to a property filing. The special counsel has over a dozen lawyers working for his office.

Yankees tab Aaron Boone as next manager
Boone has not been in uniform since retiring as a player eight years ago, but his hiring continues a trend around the majors. As manager of the Yankees, Boone will be under a microscope and very little will remain unknown about him starting today.

Prince Harry and fiancee Markle take their first official walkabout
The adorable duo greeted a cheering crowd outside the National Justice Museum in Nottingham. Vote now and get the debate going by leaving a comment below.

CME schedules bitcoin futures launch
While CFTC approval isn't required, the regulatory body could have halted the CME's plans if it wasn't satisfied with the self-certification.

Hundreds rally at UC Berkeley to protest proposed graduate student tax hike
We can hope; but, universities and their students must adjust to losing $65 billion over the next 10 years from the new tax plan. At the University of Southern California, they held signs with sayings like "Graduate students research cures for cancer".

An Oscar Contender's Reviews Are So Good, They Broke A Record
Though the film has been released in less than 800 theaters nationwide, it has earned more than $10 million. Thank you to everyone who has seen the film and has written about it so thoughtfully.