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Ford Debuts Fusion Hybrid Autonomous Development Vehicle
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Ford Motor Company (F - Free Report) recently launched the next-generation Fusion Hybrid autonomous development vehicle. The vehicle will be displayed at the CES and North American International Auto Show, slated to be held in Jan 2017.
The next-generation Fusion Hybrid autonomous development vehicle is based on the current Ford autonomous vehicle platform but has stronger processing power owing to the new computer hardware. The adjusted sensor technology allows better vision of the surrounding to the car. The vehicle features new LiDAR sensors with a sleeker design and improved visibility. Notably, the vehicle uses only two sensors compared to four used earlier but still it receives the same information.
The latest launch features improvements on two main elements required for a self-driven vehicle, namely the virtual driver system and the autonomous vehicle platform. The new Fusion Hybrid autonomous is an upgrade of the current generation which was launched three years ago.
Ford is working on bringing autonomous vehicle technology to the market. The company plans to add several driver-assist technologies to its vehicles over the next five years.
So far this year, Ford’s shares have lost 11.6% while the Zacks categorized Auto Manufacturers-Domestic industry saw a 2.8% increase. The drop in the stock price was largely a result of weak operating results across most regions and dismal forecast for the full year.
Zacks Rank & Key Picks
Ford currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the auto space include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and GKN plc .
Allison Transmission and GKN carry a Zacks Rank #2 (Buy). Allison Transmission has a long-term growth rate of 11% while GKN projects long-term growth of 6.2%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Ford Debuts Fusion Hybrid Autonomous Development Vehicle
Ford Motor Company (F - Free Report) recently launched the next-generation Fusion Hybrid autonomous development vehicle. The vehicle will be displayed at the CES and North American International Auto Show, slated to be held in Jan 2017.
The next-generation Fusion Hybrid autonomous development vehicle is based on the current Ford autonomous vehicle platform but has stronger processing power owing to the new computer hardware. The adjusted sensor technology allows better vision of the surrounding to the car. The vehicle features new LiDAR sensors with a sleeker design and improved visibility. Notably, the vehicle uses only two sensors compared to four used earlier but still it receives the same information.
The latest launch features improvements on two main elements required for a self-driven vehicle, namely the virtual driver system and the autonomous vehicle platform. The new Fusion Hybrid autonomous is an upgrade of the current generation which was launched three years ago.
Ford is working on bringing autonomous vehicle technology to the market. The company plans to add several driver-assist technologies to its vehicles over the next five years.
FORD MOTOR CO Price
FORD MOTOR CO Price | FORD MOTOR CO Quote
Price Performance
So far this year, Ford’s shares have lost 11.6% while the Zacks categorized Auto Manufacturers-Domestic industry saw a 2.8% increase. The drop in the stock price was largely a result of weak operating results across most regions and dismal forecast for the full year.
Zacks Rank & Key Picks
Ford currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the auto space include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and GKN plc .
America's Car-Mart has a long-term growth rate of 45.50%. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Allison Transmission and GKN carry a Zacks Rank #2 (Buy). Allison Transmission has a long-term growth rate of 11% while GKN projects long-term growth of 6.2%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>