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Ford to sell driverless cars to public by 2025, CEO says

The goal is to lower costs enough to make autonomous vehicles affordable to millions of people, CEO Mark Fields said in a speech Monday.

By Keith Naughton | Updated on September 13, 2016
Investors have not reacted favorably to Ford’s push for driverless cars and mobility services, and seem more focused on the profit warnings Ford has issued. (AP Photo/Carlos Osorio, File)

(Bloomberg) – Ford Motor Co. intends to start selling driverless cars to the public by about 2025, its chief executive officer said.

The goal is to lower costs enough to make autonomous vehicles affordable to millions of people, CEO Mark Fields said in a speech Monday at company headquarters in Dearborn, Michigan. After starting with sales of robot taxis to ride-hailing services by 2021, “around mid-decade we’ll make vehicles available for people to purchase for themselves,” he said.

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