Ford is tackling a big problem in cities by buying Chariot

Christine Wang

Ford Motor announced on Friday it is acquiring shuttle service Chariot as the auto giant seeks to cater to customers who may not even own a car.

The acquisition is an opportunity for Ford to gain exposure to a group of consumers who may not be interested in owning a car, Ford CEO Mark Fields said in an interview on CNBC's "Power Lunch."

Source: 
CNBC