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FORD MOTOR COMPANY

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Ford Motor : Walmart testing self-driving vehicles for delivery strategy

09/20/2021 | 06:51am EDT

Walmart is testing self-driving cars in a collaboration that involves Ford Motor and AI provider Argo AI for expanding its product delivery strategy.

The testing is taking place in several cities, according to a CNBC report.

The vehicles are Ford Escape hybrids using Argo's platform for delivery technology. Testing is taking place in Texas, Miami and the Distrist of Columbia.

"We're excited to expand our autonomous delivery efforts in three new markets alongside Argo and Ford," Tom Ward, Walmart U.S. senior vice president of last mile delivery, said in a statement. "This collaboration will further our mission to get products to the homes of our customers with unparalleled speed and ease, and in turn, will continue to pave the way for autonomous delivery."

Copyright © 2021 Networld Media. All rights reserved., source Industry News

Stocks mentioned in the article
ChangeLast1st jan.
FORD MOTOR COMPANY 1.62% 15.7 Delayed Quote.75.77%
WALMART INC. 0.49% 140.55 Delayed Quote.-2.97%
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Financials (USD)
Sales 2021 128 B - -
Net income 2021 4 922 M - -
Net cash 2021 5 498 M - -
P/E ratio 2021 12,3x
Yield 2021 0,22%
Capitalization 61 719 M 61 719 M -
EV / Sales 2021 0,44x
EV / Sales 2022 0,33x
Nbr of Employees 186 000
Free-Float 98,0%
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Ford Motor Company Technical Analysis Chart | F | US3453708600 | MarketScreener
Technical analysis trends FORD MOTOR COMPANY
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 15,45 $
Average target price 16,24 $
Spread / Average Target 5,13%
EPS Revisions
Managers and Directors
James D. Farley President, Chief Executive Officer & Director
John T. Lawler Chief Financial Officer & Vice President
William Clay Ford Executive Chairman
Douglas Field Chief Advanced Technology Officer
Michael R. Amend Chief Digital & Information Officer
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