Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Ford Pulls Plug on Wingcast Telematics Venture

June 4, 2002

Ford Motor Co. has pulled out of Wingcast LLC, its joint venture with Qualcomm Inc. to producetelematics services in vehicles, the automaker said June 3, according to an Associated Press report.Ford's decision means Wingcast will be dissolved, according to a statement from Qualcomm, which owns 15 percent of the venture.Wingcast's 200 employees learned late on June 3 that they were losing their jobs, Ford spokesman David Reuter said. "Ford made the decision to stop funding the joint venture with Qualcomm as part of our back-to-basics efforts," Reuter told AP.Ford, which owns 85 percent of the 18-month-old enterprise, has not given up on efforts to provide onboard electronic services similar to OnStar, operated by General Motors Corp., Reuter said.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

A fleet leasing company in the commercial trucking industry.

Read more

Up Next

More From The World's Largest Fleet Publisher