Defaults on vehicle loans are soaring, especially among gen Z and millenials.
Ford has filed a patent to lock people out of vehicles for missing a payment.
Ford filed for a patent on a new technological system that would allow the automaker to lock out owners from their cars for missed payments. The patent would also allow cars to be repossessed remotely – even enabling self-driving vehicles to drive themselves to a repo lot. Ford Global...
It sounds scummy... I hope they don't do it...
However, what's normal in business is if you think you might have a moneymaking idea, you go and get a patent, in case delaying causes someone else to beat you out.
You don't necessarilly totally investigate whether making the invention is something you probably should or will do, don't necessarily do a lot of soul searching.
So I think it's more about making sure they get the patent, just in case, and not really about what their plans are.
If they really make it, it's going to be a little vindication. But after I got annoyed by a million Ford guys- a trend I expect will continue- it's not going to make me feel much better if a few random ones get pushed around like this, or if it sort of proves to the world a bit more openly that Ford is bad.