Ford to sell cars in China via Alibaba's Taobao

Ford on Thursday confirmed a three-year agreement with Alibaba Group that will see the two titans "identify new opportunities to redefine consumer retail experiences and explore solutions for sustainable mobility".

At the initial stage of the partnership, both sides will conduct a pilot study to explore potential New Retail opportunities at various stages of the automotive ownership cycle, from pre-sales to test drives to financial leasing options, according to a statement from Alibaba. It also allows Ford to further tailor vehicles to more closely meet the needs of Chinese customers.

Hackett added that Ford's goal is to become the most trusted mobility firm of the world, designing smart cars for a smart world.

Dealers are understandably concerned, though Ford believes they would agree considering they still get to service the cars.

Alibaba says that consumers can use their phones to browse the cars in the garage, before choosing to either test drive it or buy immediately. The vehicle would then be delivered to the ground floor automatically. "Retail innovation is great, but it's by nature disruptive and can't keep everybody happy", said Yale Zhang, head of Shanghai-based consultancy Automotive Foresight.

"When online sales and direct sales volume was small that is one thing".

More news: Aboubakar double fires Porto into Champions League last 16
More news: Will this former Mississippi State standout return to the Major League Baseball ?
More news: Timeline Of The Escape And Capture Of Eric C. Conn

Ford Motor Co. and leading Chinese e-commerce firm Alibaba on Thursday announced a major strategic collaboration in online car-related services, as the US auto giant seeks to revive its flagging sales in the world's largest vehicle market.

Online vehicle sales volumes are now small in China because buyers want to be able to see, touch and drive cars before buying, Zhang pointed out.

Online auto sales volumes are now limited in China because vehicle buyers want to be able to see, touch and drive cars before buying them, said Zhang.

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. The ability to test drive a vehicle ordered online could change that.

Ford's sales in the first 10 months of 2017 were 938,570, a decline of 5% from the same period in 2016, against a 2.2% gain to 3.13-million for rival General Motors.

Related Articles

  • EPS for Red Hat, Inc. (RHT) Expected At $0.50

    Red Hat, Inc . ( RHT ) has shown a upward trend during time of recent session. 31 funds opened positions while 55 raised stakes. The firm earned "Buy" rating on Friday, June 9 by Janney Capital. (NYSE: RHT ) on Monday, August 14 with "Hold" rating.
    David Cassidy Completely Cuts Daughter Katie Cassidy Out Of His Will

    David Cassidy Completely Cuts Daughter Katie Cassidy Out Of His Will

    In the documents, David wrote: 'It is my specific intent not to provide any benefits hereunder to Katherine Evelyn Cassidy'. The will was originally filed in 2004 and named his then-wife, Susan, as the personal representative under the will.
    Ishares Core MSCI EAFE IMI Index ETF (XEF.TO): Tracking the Technicals

    Ishares Core MSCI EAFE IMI Index ETF (XEF.TO): Tracking the Technicals

    Looking at some alternate time periods, the 12 month price index is 1.22987, the 24 month is 1.22434, and the 36 month is 1.32894. Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year.
  • How Dollar General Earnings Are Pushing the Stock to New Highs

    How Dollar General Earnings Are Pushing the Stock to New Highs

    The institutional investor owned 105,000 shares of the company's stock after buying an additional 5,000 shares during the period. Dollar General still plans to open about 1,285 new stores, as well as remodeling or relocating 760 locations, in fiscal 2017.
    Camila Cabello announces self-titled debut album will be released in January

    Camila Cabello announces self-titled debut album will be released in January

    Camila has definitely been on a hot streak, giving fans tons of new content ahead of the release of her album on January 12. She's collaborated with some big names in the rap game but overall, she's dropping quality pop music in her comfort zone.
    Turkish gold trader testifies he was attacked in U.S.  prison

    Turkish gold trader testifies he was attacked in U.S. prison

    Prosecutors disclosed last week that Zarrab pled guilty in October to helping Iran avoid sanctions and bribing a guard. Under questioning by Fleming, Zarrab said he attended meetings with Atilla a "handful" of times during that period.
  • NBA Trade: Sixers reportedly send Jahlil Okafor, Stauskas to Nets for Booker

    NBA Trade: Sixers reportedly send Jahlil Okafor, Stauskas to Nets for Booker

    The 76ers declined to exercise the option on Okafor's 2018-19 deal, which means he would hit free agency in July. He has only appeared in two games this season, averaging 5.0 points and 4.5 rebounds in 12.5 minutes per game.

    International Business Machines (IBM) Raised to Strong-Buy at Vetr

    The technology company reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.02. International Business Machines Corporation's average EBITDA per Share Growth Rate was 0.7 percent during the past 12 months.
    Ireland U21 global  handed Everton debut in this evening's Europa League game

    Ireland U21 global handed Everton debut in this evening's Europa League game

    Allardyce, 63, was appointed Everton manager on 30 November and his only game in charge has been the 2-0 win against Huddersfield on Saturday.
  • John Lewis boycotts opening of MS  civil rights museum because of Trump

    John Lewis boycotts opening of MS civil rights museum because of Trump

    Brice, with Mississippi's chapter of Pantsuit Nation, said protesters will greet the president when he arrives in Jackson. In the Mississippi Civil Rights Museum, columns list about 600 documented lynchings - a lot of them of black men.
    Mario + Rabbids gets a free versus mode tomorrow

    Mario + Rabbids gets a free versus mode tomorrow

    Need more evidence? Ubisoft is adding a versus mode to Mario + Rabbids Kingdom Battle , one of the best Switch games available. Whatever you do, you can bet your opponent will be watching your every move, so be careful not to leave yourself vulnerable.
    Allison Janney puts her spin on ice-skating scandal in 'I, Tonya'

    Allison Janney puts her spin on ice-skating scandal in 'I, Tonya'

    But, it was last night's Los Angeles premiere that brought her biggest style statement yet. "She loved the movie". Janney well recalls the Harding-Kerrigan incident but she came away from the film with a different view.