Ford is spinning off some of its most interesting work into a wholly owned subsidiary that the company says "will be designed to compete like a startup." The subsidiary, called Ford Smart Mobility LLC, will be led by current Ford board member Jim Hackett, who is stepping down from the parent company's board in the process. Hackett will report to Ford CEO Mark Fields.
Ford has spent much of the past year and a half focusing on its so-called smart mobility initiatives that have focused on things like ride sharing, car sharing, and even e-bikes — all things that stray askew of Ford's main business of selling lots of cars, which helps explain why the new venture is being extricated from the mothership. The subsidiary will also be...
via The Verge
