Ford Motor Company (NYSE:F) + Google (NASDAQ:GOOG) = ?
By Rocky Biggs on May 23, 2010
Ford Motor Company (NYSE:F) + Google (NASDAQ:GOOG) = ?
So what is the latest bit of technology Google Inc (NASDAQ:GOOG) has announced that could be of interest to innovative car makers such as Ford (NYSE:F)? Google pretty much introduced a cloud based musical and application system whereby digital things that you buy on the internet or own, can be smoothly transmitted to other devices. Currently the application would make sense for phones and TV’s – but cars in the future can easily take advantage of this.
Think of your music collection, movies, and software that you own on a computer or iPod – wouldn’t be nice to have access to all of that in your car well.
Ford (NYSE:F) stocks were up 4.2% on Friday and 2.6% in after hour trading. Naturally, it wasn’t Google’s announcement that drove the price up – but if Ford continues to bring innovation inside cars then it can carve out a nice piece of the market for itself where it could outdo the likes of Toyota. Google (NASDAQ:GOOG) shares on the other hand lost some value last week with analysts wary of how Google’s Google TV plans would pan out.
Filed Under: Finance