💥Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Ford slashes annual, monthly prices for hands-free driving service

Published 10/01/2024, 09:37 AM
Updated 10/01/2024, 09:42 AM
© Reuters. A visitor is reflected as he takes pictures of a new Ford Aspire car during its launch in New Delhi, India, October 4, 2018. Picture taken October 4, 2018. REUTERS/Anushree Fadnavis/File Photo
F
-

(Reuters) - Ford Motor (NYSE:F) Co said on Tuesday it will lower the annual and monthly subscription prices for its hands-free driving technology.

Dubbed BlueCruise, the technology is available on certain Ford models and will now be offered as both a one-year plan and a one-time purchase option.

Automakers have been trying to incorporate more autonomous driving features such as lane-keep assist and adaptive cruise control on their vehicles over the past few years.

BlueCruise operates on 97% of U.S. and Canadian highways with no intersections or traffic signals.

© Reuters. A visitor is reflected as he takes pictures of a new Ford Aspire car during its launch in New Delhi, India, October 4, 2018. Picture taken October 4, 2018. REUTERS/Anushree Fadnavis/File Photo

Ford lowered the monthly price for the subscription to about $50 from $75. The annual plan will now cost $495, nearly half of the older price tag of $800.

The automaker added it will continue to offer a 90-day complimentary trial to customers who do not opt for the one-year plan or the one-time purchase at time of ordering the vehicle.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.