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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ford Motor Company | NYSE:F | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.10 | 0.82% | 12.25 | 12.43 | 12.15 | 12.15 | 48,785,025 | 00:59:26 |
From May 2019 to May 2024
Ford Motor Co. is launching a car-sharing program in six U.S. cities and London.
The auto maker said late Tuesday the pilot program will be available to customers that finance their vehicles through Ford Motor Credit. Customers will be able to rent their vehicle to prescreened drivers for short-term use, helping to defray some vehicle costs.
Ford said that 14,000 customers in the U.S. will be invited to participate, along with 12,000 in London. U.S. customers will partake through ride-share company Getaround, while London customers will use easyCar Club.
The program runs through November.
Ford's announcement comes as auto makers are trying to contend with people being less reliant on vehicle ownership. Services like Zipcar, Uber and Lyft have made it easier for individuals to get around without owning a car.
Copyright 2015 Associated Press
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