TEL AVIV, Israel – Bill Ford, Ford Motor Co. executive chairman and great-grandson of founder Henry Ford, eagerly points out that the company which symbolizes “old school” in some ways is embracing the disrupting force of autonomous cars and shared mobility. Ford Motor is working to position itself as a leader in autonomy and shared mobility. Israel is cultivating a growing specialty in high-tech automotive applications, especially cybersecurity, sensors, advanced driver assist systems, precision mapping, and autonomy. EcoMotion is co-sponsored in part by the Israeli Ministry of Economy and Industry, the Israel Innovation Institute, and Israel's Fuel Choices and Smart Mobility Initiative. In answer to the question, “Why Israel?” Ford said, “The infrastructure that’s here already is fantastic … U.S. and Western European companies are more hierarchical, which can result in unknowingly stifling innovation.

Source: Forbes June 11, 2019 19:18 UTC