Ford, ADT to launch vehicle-security monitoring joint venture
Ford Motor Co. (F) and ADT Inc. (ADT) said Tuesday they are forming Canopy, a joint venture aimed at vehicle security. The JV "combines ADT's professional security monitoring and Ford's AI-driven video camera technology to help customers strengthen security of new and existing vehicles" of all brands, the companies said. The systems would be offered "early next year," they said, with the first products designed for commercial and retail pickups and vans including the Ford F-150, F-150 Lightning, Transit vans and E-Transit. Shares of Ford have gained 150% in the past 12 months, compared with gains of around 22% for the S&P 500 index.
(END) Dow Jones Newswires
January 18, 2022 11:52 ET (16:52 GMT)
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