Ford signs 5-year agreement with Stripe to scale e-commerce [Yahoo! Finance News]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance News
Rebecca BellanJanuary 17, 2022, 2:05 PM·2 min readFord Motor Company has signed a five year agreement with Stripe, an online payment processor, to scale the automaker's e-commerce capabilities. Stripe will facilitate transactions for vehicle orders and reservations, handle financing options for Ford's commercial customers and route customer's payments from the automaker's website to the correct local Ford or Lincoln dealer.Ford plans to begin rolling out Stripe's technology in the second half of 2022, starting with North America but with aims to roll out in Europe, as well,according to the companyStripe raised a $600 millionThe tie-up with Stripe is part of Ford's larger Ford+ restructuring plan, an electrification and growth strategy into which the companyplans to invest $30 billion by 2025auto industry's move towards investing in technology that will offer the greatest likelihood of capturing returnsAmazon's Fire TV“As part of the Ford+ plan for growth and value creation, we are mak
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