Ford set to partner with Alibaba to check online auto sales in China

Ford Motor is expected to sign as soon as Thursday a manage Alibaba Group Keeping which may allow the U.S. automaker to test selling cars to consumers in China through Alibaba’s on the web retail arm Tmall, and with a new “auto vending machine” store theory, according to a Ford origin familiar with the matter.

Representatives of Ford and Alibaba, including Ford Executive Chairman Expenses Ford Jr. and Ford CEO Jim Hackett, are expected to maintain Hangzhou on Thursday to indication a letter of intent that outlines the scope of the new partnership.

According to the source, who did not want to be named since he’s not authorized to speak with reporters, the package is intended to put the Dearborn, Michigan, automaker for a great emerging Chinese market where more automobiles could be sold online.

The partnership would be part of Ford’s effort to overhaul its China technique to revive the growth momentum it has misplaced in recent months.

Read more on: https://www.cnbc.com