Categories Retail, U.S. Markets News
You’ll soon get Walmart groceries delivered in self-driving Ford cars
Delivery service Postmates Inc will join Ford Motor Co (F) to collaborate and design a service to deliver groceries and goods to Walmart (WMT) consumers using autonomous cars.
This is in line with Ford’s push to rely on autonomous vehicles to develop businesses. The auto giant was already working with Postmates, and it now will be tried on a pilot program involving Walmart. However, the supermarket chain will use human-driven cars at first, before relying on self-driven vehicles.
Meanwhile, Ford and its partners will test self-driven cars in Miami to test how effective the delivery will be. According to Ford, commercial production of automated vehicles is expected to commence by 2021.
The automaker, back in July, has hinted the creation of a new business unit — Ford Autonomous Vehicles LLC — to include its self-driving vehicle operations, and it expects to invest about $4 billion in the venture by 2023.
Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.
Most Popular
Charles Schwab (SCHW) Q1 2024 Earnings: Key financials and quarterly highlights
The Charles Schwab Corporation (NYSE: SCHW) reported first quarter 2024 earnings results today. Net revenues decreased 7% year-over-year to $4.74 billion. Net income available to common shareholders was $1.25 billion,
GS Earnings: All you need to know about Goldman Sachs’ Q1 2024 earnings results
The Goldman Sachs Group, Inc. (NYSE: GS) reported its first quarter 2024 earnings results today. Net revenues were $14.21 billion, up 16% from the same period last year. Net earnings
Centuri Holdings takes the IPO route to expand. Here’s all you need to know
Utility infrastructure service provider Centuri Holdings, Inc. has initiated an initial public offering as it seeks to spin off from parent company Southwest Gas Holdings and become an independent entity.
