Ford buys small software startup to bolster 'connected car' offerings

Newswire

By Deepa Seetharaman DETROIT, Sept 26 (Reuters) - Ford Motor Co has bought a five-year-old software company for less than $10 million in a move the No. 2 U.S. automaker hopes will beef up its in-car connectivity that is critical to winning over younger, more affluent buyers. The acquisition of Ferndale, Michigan-based Livio will also help promote the automaker's method of connecting smartphones with the vehicle as an industry standard, which will help speed the ...

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