The move is a setback for Ford, which bought the San Francisco-based Chariot in 2016 to expand beyond auto manufacturing and take another step toward becoming a mobility company. [reut.rs/2D3vv77]
Earlier on Thursday, Ford said it will cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe.
Reporting by Mary Ann Alapatt in Bengaluru; Editing by Shailesh Kuber
Our Standards: The Thomson Reuters Trust Principles.