Ford Motor Co. F has set up a global team to start work on an advanced engineering program for the development of autonomous vehicle technology. Randy Visintainer will be the director of the autonomous vehicle development program.
This is the second phase of bringing the feature to the market, following the completion of the research phase. The team will focus on developing the sensing and computing technology, necessary for adding the autonomous vehicle technology to vehicles. It will also work on the testing and refinement of algorithms, which is a key area for introduction of this technology.
Ford will add several driver-assist technologies to its vehicles over the next five years. The company is aiming to increase road safety in addition to enhancing customers’ experience with a Ford vehicle.
Ford is also collaborating with various companies for the development of mobility solutions. One such company is Carbon3D, which uses a special 3D printing technology to create high-quality automotive-grade parts for Ford vehicles.
Further, Ford revealed that the Pre-Collision Assist with Pedestrian Detection technology will be available in the U.S. on a Ford-brand vehicle in 2016. The technology is currently available on Ford Mondeo in Europe. This is part of Ford’s plan to make the feature available on most Ford vehicles across the world by 2019.
Ford currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include The Goodyear Tire & Rubber Company GT, Fox Factory Holding Corp FOXF and U.S. Auto Parts Network, Inc. PRTS. Goodyear currently sports a Zacks Rank #1 (Strong Buy), while both Fox Factory Holding and U.S. Auto Parts carry a Zacks Rank #2 (Buy).
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