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Ford To Partner With Alibaba To Sell Cars Online In China
08 December 2017, 02:06 | Hattie Nash
Mark Truby, Ford's global chief spokesman said the company is expected to make an announcement on Thursday in Hangzhou, where Alibaba is based, but declined to comment in advance. And the new Zotye-Ford joint venture will develop a new range of affordable EVs under a new brand.
He said the joint venture will bring in impressive technology and competitive costs so that retail customers don't get choked out of the market. "The progress we have achieved in China is just the start". "Producing more vehicles for China locally allows us to improve the benefits for our customers, our partners and our bottom line".
Additionally, the letter of intent between the two company's commits them to "explore areas of cooperation" over the next three years in connectivity, cloud computing, artificial intelligence, mobility services, and digital marketing, according to Ford's press release. The Apollo Open Platform accelerates the development, testing and deployment of autonomous vehicles. Collaborating with leading technology players builds on our vision for smart vehicles in a smart world to reimagine and revolutionize consumers' mobility experiences, " said Jim Hackett, Ford's President and CEO.
"Some of our most advanced manufacturing and innovation facilities are here in China", said Peter Fleet, group vice president and president, Ford Asia Pacific.
The partnership would be part of Ford's effort to overhaul its China strategy to revive the growth momentum it has lost in recent months. Ford plans to open 100 new outlets next year.
China is taking the lead in the electric vehicle market as there is a real government push to clear the air, Bill Ford, executive chairman at Ford Motor Company, said on Wednesday. New single distribution services segment meant to release next year, meant to offer an improved experience for consumers and enhanced brand consistency while lowering costs. All new automobiles in China to be internet-connected by close of 2019.
Almost 30 horses burned by California wildfire
The fire also forced a mass evacuation of large animals, primarily horses but also others such as alpacas. As the fire expanded and jumped south of the Foothill Freeway, so did the mandatory evacuation area.
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.
"All of the actions outlined today reflect an unprecedented commitment to focus on the needs of consumers in China through a more fit and streamlined Ford", he added.
Margot Robbie earns high marks in 'I, Tonya'
Meanwhile, host Ellen DeGeneres also gave her rave reviews , telling Janney that she is sure to get nominated for an Oscar. I had a coach, I worked really hard and I trained early in the morning and after school and I was obsessed with it.
Israel strikes Gaza, no injured
A third rocket reportedly did reach Israeli territory, but landed in an open area and caused no harm or damage. The IDF confirmed it struck two terrorist targets in the Gaza Strip, the IDF Spokesperson's Unit said .
Mundi buyer was a Saudi prince
The previous owner of Salvator Mundi was a Russian businessman, Dmitry Rybolovlev, who purchased it for $127 million in 2013. He is a co-founder of a large waste management company in Saudi Arabia that processes 7000 tons of waste per day.
News Anchor Responds To Viewer's Racist Email
Reed spoke directly into the camera to the email's author: "I won't mischaracterize your view either, Kathy Rae. But Reed has no regrets, except not telling her crew to show the full email.
Overwatch's Winter Wonderland event returns December 12
This new mode will pit five Mei players against a single overpowered Winston (no doubt sporting his Yeti skin ). Set on the Nepal map, Mei's Yeti Hunt does still focus on characters shooting each other - but there's a twist.