Ford Inks Three-Year Deal with Alibaba

Ford Inks Three-Year Deal with Alibaba

"In the initial phase, Ford and Alibaba will explore a pilot study on digital solutions for new retail opportunities at various stages of the automotive ownership cycle, from pre-sales and test drives to leasing options", Ford said.

According to the latest news from Reuters, Ford is considering to enter into the agreement as it plans to penetrate the China markets as their new strategy to stimulate their business growth.

Ford could also use Tmall's new retail concept called the "Automotive Vending Machine" - a multi-storey parking garage - to sell directly to consumers.

"The tech world has many innovations to offer us, so it (the future) will be a marriage of technology companies and automakers", Bill Ford, the company's executive chairman, told China Daily at an event in Shanghai on Tuesday.

These include the divisions that run its operating system AliOS, its cloud-computing platform Alibaba Cloud, its digital marketing arm Alimama and B2C shopping site Tmall.

Back to Fords on Tmall, the model allows shoppers with good credit to purchase a auto with a 10% downpayment, and then make monthly payments via Alibaba's Alipay.

Mark Truby, Ford's global chief spokesman said the company is expected to make an announcement on Thursday in Hangzhou, where Alibaba is based, but declined to comment in advance.

The cars could come directly from Ford or from its dealer network - the details are still being worked out, Reuters reported. Collaborating with leading technology players is in line with their vision "for smart vehicles in a smart world to reimagine and revolutionize consumers' mobility experiences", he said in a statement.

China is not only the largest auto market in the world, executive chairman Bill Ford pointed out, but is also "at the heart of electric-vehicle and SUV growth and the mobility movement".

Ford's Chinese sales have been sluggish in recent months in part because it has failed to catch on to rapidly changing trends in the marketplace, including the rise of entry-level cars popular in smaller and less well-known cities, where demand is booming.

Related Articles

  • Arizona's Trent Franks Expected to Resign

    Arizona's Trent Franks Expected to Resign

    Franks was seen being comforted in the chamber by several other Republicans shortly before he left the House floor. He's a strong backer of President Donald Trump and has embraced some of his stances on social issues.
    Hyundai and Subaru Earn the Most IIHS Top Safety Picks for 2018

    Hyundai and Subaru Earn the Most IIHS Top Safety Picks for 2018

    Most cars on the top pick lists only qualified when they came with optional equipment, such as automatic emergency braking. The Crosstrek and Forester earn Top Safety Pick, also with option front-crash prevention and specific headlights.
    MARGOT ROBBIE Developing Solo HARLEY QUINN Film

    MARGOT ROBBIE Developing Solo HARLEY QUINN Film

    Suicide Squad 2 has been announced with writer/director Gavin O'Connor , but has no official release date. You want to show them the characters that they fell in love with.
  • Franken Resigns In Emotional Speech, Denies Some Allegations

    Franken Resigns In Emotional Speech, Denies Some Allegations

    The "Me too" movement has claimed another scalp with a leading Democratic Senator and former TV star Al Franken forced to resign. Tim Walz and Collin Peterson both called for Franken to resign, as did Senate Majority Leader Mitch McConnell.
    2 arrested in shooting outside Graham-Kapowsin High School

    2 arrested in shooting outside Graham-Kapowsin High School

    Troyer told Seattle Times the students who were present at school remained with the deputies until the danger cleared. Troyer said the Sheriff's Office obtained a search warrant to enter the home where the second suspect was arrested.
    LiAngelo Ball will leave UCLA: Dad says, 'He's out of there'

    LiAngelo Ball will leave UCLA: Dad says, 'He's out of there'

    It's doubtful that LiAngelo Ball can land a big contract in Europe, but there might be some teams willing to sign him. The three players were subsequently suspended indefinitely by the team after returning to the United States.
  • Supreme Court hearing same-sex marriage cake case

    Supreme Court hearing same-sex marriage cake case

    They wanted a cake from Masterpiece Cakeshop , where Phillips decorates cakes for weddings, graduations and other celebrations. The couple was Wednesday in MA and hosted a wedding reception in Denver one year before gay marriage was legal across the U.S.
    Qualcomm makes the Snapdragon 845 processor official

    Qualcomm makes the Snapdragon 845 processor official

    Both devices will ship with Windows 10S, but ASUS and HP are offering free upgrades to Windows 10 Pro before September 30, 2018. That's not all as standy time is quoted at 700 hours and HP says you can get 0-90 percent charge in just 90 minutes.
    Blitzboks dazzle in Dubai as sensational Senatla sinks Kiwis

    Blitzboks dazzle in Dubai as sensational Senatla sinks Kiwis

    The New Zealand men's rugby sevens team has been beaten in the final of the opening leg of the World Series in Dubai. England pipped Fiji 28-21 to win the Bronze final, while France beat Spain 21-12 to win the Challenge Trophy.
  • United Nations  official to arrive in N.Korea for talks

    United Nations official to arrive in N.Korea for talks

    But Dujarric would not say if Feltman would meet with North Korean leader Kim Jong Un during his trip. Feltman, a former American diplomat who spent more than three decades at the U.S.
    De Gea 'best in world' as United beat Arsenal 3-1

    De Gea 'best in world' as United beat Arsenal 3-1

    Speaking after the game, which saw their 12-game home unbeaten run end, Wenger said he was "angry and disappointed". Before welcoming City to Old Trafford, United have a midweek Champions League fixture to contend with.
    Marcus Rashford 'will be watching' World Cup 2018 draw

    Marcus Rashford 'will be watching' World Cup 2018 draw

    The Republic of Ireland's play-off conquerors Denmark will take on 1998 winners France, Peru and Australia. We know it's probably the best side Belgium has ever had, and we know the quality they have.