Mexican Media Brands
Ford Shuts Down Chariot On-Demand Van Service
Ford Motor Co. will close Chariot, its on-demand van-sharing service, at the end of January.
Share
Ford Motor Co. will close Chariot, its on-demand van-sharing service, at the end of January.
Chariot says it will stop offering commuter service in the U.K. on Jan. 25 and in the U.S. a week later. Remaining administrative operations will end in March.
Ford paid $65 million in 2016 to buy Chariot Transit Inc., which at the time was a 2-year-old startup operating in the San Francisco area. Since then the service has been expanded to several cities in the U.S. and London.
Chariot provided commuters with low-cost rides in 14-passenger Ford Transit vans between home and public transit hubs. Single rides cost less than $4. But Ford says the business proved unsustainable.
Ali Vahabzadeh, who co-founded Chariot, quit as CEO last February but remained on the company’s board.
RELATED CONTENT
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
