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FORD MOTOR COMPANY (F)
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Ford Motor : Two-Wheel Concept Car Reportedly Gets Chinese Electric Makeover

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06/04/2018 | 03:59am CEST

DEARBORN (dpa-AFX) - The two-wheeled vehicle whizzing around a Beijing test track is a mashup of motorcycle, electric car and space capsule, wrapped around the brain of a smartphone. And engineer Zhu Lingyu believes it will be on public roads within two years, Bloomberg reported.

Inspired by a Ford Motor Co. concept car from 1961 that used gyroscopes to stay upright, Zhu built a streamlined version that resembles an escape pod from a science-fiction movie. Beijing Lingyun Intelligent Technology Co. plans to build the gyrocar itself and may pick a domestic location for its factory this month, with a goal to start sales in 2020.

"I was told by a potential investor that I have zero chance to make the idea work,'' Zhu, 40, reportedlysaid after a test drive of a prototype called the 1703. "But I firmly believe this is the future of urban transportation because it is exquisite, energy-saving and easy to manage. I have to make it.''

Copyright RTT News/dpa-AFX, source International Compact

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Financials ($)
Sales 2018 147 B
EBIT 2018 5 577 M
Net income 2018 5 523 M
Finance 2018 9 921 M
Yield 2018 7,32%
P/E ratio 2018 6,70
P/E ratio 2019 6,54
EV / Sales 2018 0,19x
EV / Sales 2019 0,19x
Capitalization 37 864 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 11,1 $
Spread / Average Target 17%
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Managers
NameTitle
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Joseph R. Hinrichs Executive VP & President-Global Operation
Robert L. Shanks Chief Financial Officer & Executive Vice President
Jeff Lemmer Vice President & COO-Information Technology
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