Why Ford Is Teaming Up With Alibaba: Online Auto Sales
Ford Motor Company (NYSE: F) is gearing up to test online alternatives to the traditional car-buying process via one of the world's largest e-commerce platforms.
Ford and Chinese e-commerce giant Alibaba Group (NYSE: BABA) said last week that they have signed a deal to explore collaboration in several high-tech areas, including ways in which technology could be used to change the auto-sales process.
If that sounds to you like "Ford is thinking about selling cars online," you're not wrong. The deal could go considerably beyond that -- but that's clearly an idea that's on the minds of executives at both Ford and Alibaba. Here's what we know.
Source: Fool.com
Ford Motor Co. Stock
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