Ford starts crowd-sourced bus business in New York City

Chariot, a subsidiary of Ford (F), is a shuttle service that allows passengers to crowdsource routes and reserve rides in 14-seat vans via their smartphone. Chariot began in San Francisco in 2014 as a private shuttle startup to give Bay Area commuters affordable commuting options outside its crowded public transportation network. After hearing about the interesting use of its vans, Ford decided to buy Chariot in a deal that was completed last September.

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