At an event in Silicon Valley, Ford CEO Mark Fields announced that in five years’ time, the company intends to have a fully autonomous vehicle on the road. The car will be used specifically for ride-hailing and ride-sharing, Fields said, and will not have either a steering wheel or pedals.

Ford has been working on autonomous vehicles for the better part of ten years, but has in the past avoided pinning down a time when it would actually have self-driving cars on the road. Today’s announcement finally commits Ford to a timeline, and Fields outlined investments the company has made to make it happen.

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