Future Ford Vehicles Could Repossess Themselves
By News on the Net -- Zero Hedge—— Bio and Archives--March 2, 2023
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Ford Motor Company filed a US patent application that shows autonomous or semi-autonomous vehicles could potentially repossess themselves if their owners miss lease or loan payments.
The idea of self-driving cars repossessing themselves might sound dystopian, but it is not surprising that automakers are considering this technology to ensure payment. Repossession is a common practice, and as we've described recently, cracks are beginning to form in the subprime auto loan market. ---More...
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