Ford Motor Co. said on Tuesday that it aims to release a fully driverless car in the next five years.
The US automaker will initially target ride-sharing fleets and package-delivery services with the unnamed model, which will have no steering wheel or pedals, the Wall Street Journal reported.
The vehicles will largely be confined to cities with pre-mapped zones designed for autonomous vehicles.
“We’ve done a lot of work reducing the cost on the technical components, but at the outset, it is still going to be a relatively expensive vehicle,” Ford’s CEO Mark Fields was quoted as saying.
Fields announced the autonomous vehicle goal at the firm’s Silicon Valley campus on Tuesday.
“This is a transformational moment in our industry and it is a transformational moment for our company,” he said, according to the Associated Press.
Ford said it will make several investments and partnerships to speed its development of autonomous vehicles.
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