Ford comes in car-sharing, electrical bike markets in mobility shove

SAN FRANCISCO — Ford Motor Co. is getting into the car-sharing and electrified bike businesses as part of CEO Mark Fields` effort to convert the automaker into a more holistic provider of transportation options.

The company late Tuesday announced a pilot car-sharing program that invites 26,000 Ford Motor Credit Co. customers in six U.S. cities and London to suggest their vehicles for short-term rentals.

It also unveiled a fresh battery-powered bike aimed at urban commuters. The bike folds and can be recharged while being stored inwards any Ford vehicle.

«My great-grandfather helped put the world on wheels so everyone could love the benefits of mobility,» Ford Executive Chairman Bill Ford said in a statement. «Our vision today is to expand that same thinking using advanced technology and fresh business models, and addressing the mobility challenges people face around the world.»

The Peer-2-Peer Car Sharing program and MoDe:Ripple bike represent the next phase of the Ford Clever Mobility plan Fields introduced in January. Ford has been conducting twenty five experiments on topics related to helping consumers get around in the future.

After gathering data for six months, Ford said it is focusing on two general areas: supple use and ownership of vehicles, and urban commuting using numerous methods of transportation.

«We now are moving from experimentation to implementation,» Fields said in a statement. «We have learned a lot in the past six months, and now are ready to put insights into act. Our purpose is to make people`s lives better by helping them more lightly navigate through their day, address societal issues and, over time, switch the way the world moves — just as Henry Ford did more than one hundred years ago.»

The car-sharing program will run through November and involve 14,000 U.S. customers of Ford Credit and 12,000 in London. They can sign up to offset their monthly ownership costs by renting their vehicle to drivers who have been screened. The U.S. program will operate in Berkeley, Oakland and San Francisco, Calif.; Portland, Ore.; Chicago; and Washington, D.C.

Ford cited a investigate by research company Penn Schoen Berland showcasing that a third of millennials in the U.S. are interested in supplementing their income by renting out their belongings and that more than half are open to sharing rails with other people.

«Consumers tell us they are interested in sharing the costs of vehicle ownership, and this program will help us understand how much that extends to customers who are financing a Ford vehicle,» David McClelland, Ford Credit`s vice president of marketing, said in a statement. «As most vehicles are parked and out of use much of the time, this can help us gauge our customers` desires to pick up extra cash and keep their vehicles in use.»

Fields said the car-sharing program is still in the experimental stage but that it could eventually become profitable.

«What we`re attempting to gauge here is, very first, the interest, and then, the usage. We`ll see what kind of interest we`ll get,» Fields told reporters after speaking at the company`s annual «Further with Ford» conference in San Francisco. «We think this is a truly unique way to help our customers – give them more, help.”

The MoDe:Ripple bike connects with a smartphone app that can plan the most efficient mode of transportation for a journey and can help riders get to their destination without violating a sweat by enlargening electrical pedal assist based on their heart rate.

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