Thursday, May 28, 2015

Ford Follows Tesla By Opening Electric Vehicle Patents To Rivals (F; TSLA)

From Investors Business Daily:
Ford Motor (NYSE:F)is offering its electric vehicle patents to competing automakers amid slumping gas prices that have made EVs less attractive to many consumers.

Its move is similar to what Tesla Motors (NASDAQ:TSLA) did in June 2014 when it made its portfolio of EV patents, estimated in the hundreds, openly available to rivals. Tesla founder and CEO Elon Musk said in a blog post at the time that "all our patents belong to you."
Ford Motor (NYSE:F)is offering its electric vehicle patents to competing automakers amid slumping gas prices that have made EVs less attractive to many consumers.

Its move is similar to what Tesla Motors (NASDAQ:TSLA) did in June 2014 when it made its portfolio of EV patents, estimated in the hundreds, openly available to rivals. Tesla founder and CEO Elon Musk said in a blog post at the time that "all our patents belong to you."...MORE
Ford has some history with electrics going back to the reign of Henry I and his buddy Tom Edison and more recently the '67 Comuta.
"...Within a year, I hope, we shall begin the manufacture of an electric automobile. I don’t like to talk about things which are a year ahead, but I am willing to tell you something of my plans...."
-Henry Ford
The New York Times 
 January 11, 1914

Via "Ford, Edison and the Cheap EV That Almost Was"
See also:
Ford Says Electric Cars “Commercially Feasible” By 1977
"Ford warns electric cars may be only for the rich" (AONE; TSLA)
The End Of Mass Car Ownership Is Coming Mr. Ford
Unconfirmed Rumors that Ford Motor Co. will acquire Tesla Motors, Inc. at $55.00 a share (TSLA; F) 
Let's see, we've got the acquirer, the acquiree and the price. All we need is the date and time.
I'll go with The 12th.