Ford Motor Company (NYSE:F) recently acquired software start-up Livio to work with Ford's Smart Device Link standard. The idea is to make an industry standard that will provide a single method for app connectivity, allowing any smartphone to communicate smoothly and safely with any vehicle -- be it a Ford or any other brand.
What comes after that for this Ford subsidiary?
Motley Fool analyst Rex Moore was able to speak with Livio founder and CEO, Jake Sigal, at the Consumer Electronics Show in Las Vegas. In this video, Sigal explains how tough it is to predict the future, and that Livio must remain flexible and build a good base to build on.
A full transcript follows the video.
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Jake Sigal: I think that Livio as a company, we're really focused on connectivity between content and vehicles, and I think it's going to stay the same way. Right now it's about smartphones in cars. Who knows, in 10 years, what's going to be proliferating?
I'm sure cars will be talking to other cars and talking to other things, and that's a lot about some of the demonstrations that we're showing at this year's CES, at the Livio booth in the North Hall.
I think that, looking forward, you want to make sure that you have a system that you can upgrade effectively. There's nothing that's future-proof. That doesn't exist, but what we focus on is what we know, and what we know from the consumer electronics experience we have; what consumers are going to be doing, and how to create systems that give us the best chance of supporting those new systems down the road.
Rex Moore has no position in any stocks mentioned. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.