<story><title>Ford Acquires Chariot (YC W15)</title><url>https://techcrunch.com/2016/09/09/ford-mobility-solutions-acquires-chariot/</url></story><parent_chain><item><author>mox1</author><text>I find it very interesting and frankly quite stupid that Ford is attempting to become an Uber &amp;#x2F; Silicon Valley &amp;#x2F; Technology type company[1]. They practically made the auto industry and have been a leading manufacturer for ~100 years. But lets drop and forget all that, technology is cool!&lt;p&gt;I predict that in 5-10 years this will really come back to haunt them. I was planning to buy some Ford stock for a while, but after seeing this shift, not touching it with a 10ft pole.&lt;p&gt;1. &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;news&amp;#x2F;videos&amp;#x2F;2016-09-09&amp;#x2F;ford-ceo-on-a-move-to-mobility-services-ride-sharing&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;news&amp;#x2F;videos&amp;#x2F;2016-09-09&amp;#x2F;ford-ceo-on-...&lt;/a&gt;</text></item></parent_chain><comment><author>pb</author><text>In ten years, all auto makers will either be tech companies, or they will be out of business. I&amp;#x27;m impressed that GM and Ford have the foresight to understand this.</text></comment>
<story><title>Ford Acquires Chariot (YC W15)</title><url>https://techcrunch.com/2016/09/09/ford-mobility-solutions-acquires-chariot/</url></story><parent_chain><item><author>mox1</author><text>I find it very interesting and frankly quite stupid that Ford is attempting to become an Uber &amp;#x2F; Silicon Valley &amp;#x2F; Technology type company[1]. They practically made the auto industry and have been a leading manufacturer for ~100 years. But lets drop and forget all that, technology is cool!&lt;p&gt;I predict that in 5-10 years this will really come back to haunt them. I was planning to buy some Ford stock for a while, but after seeing this shift, not touching it with a 10ft pole.&lt;p&gt;1. &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;news&amp;#x2F;videos&amp;#x2F;2016-09-09&amp;#x2F;ford-ceo-on-a-move-to-mobility-services-ride-sharing&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;news&amp;#x2F;videos&amp;#x2F;2016-09-09&amp;#x2F;ford-ceo-on-...&lt;/a&gt;</text></item></parent_chain><comment><author>awad</author><text>Ford did $7.373 billion in net income on $149.5 billion in revenue 2015. If the $30 million number purchase price being thrown around is correct, that&amp;#x27;s ~ 0.4%. Not at all a terrible investment to make for a company of Ford&amp;#x27;s size.&lt;p&gt;Nokia, Motorola, RIM, Palm were leading manufacturers as well, and they all had their lunch eaten.</text></comment>