Future Ford Vehicles Could Repossess Themselves

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...