Growth Matters: Ford SYNCs your car with the world

With all the gloom in the global economy, I got to wondering whether there is anything else going on in the world of business. I'm looking for growth because I think that's what will ultimately bring the economy out of the doldrums. Not surprisingly, that growth is coming from technology companies. In Growth Matters, I look at consumer technology companies that point the way to growth trends -- and in the process introduce services and products you may want to explore.

In the early 1970s, Ford Motor (NYSE: F) had a great slogan: "Ford brings you better ideas." Although the auto industry is driving in reverse these days, Ford is the only U.S. auto maker yet to take government money. It may need to do so eventually, but for now Ford is getting by. And one of its better ideas is Ford SYNC, which Charlotte Fisher, Ford's Global Design and Technology Communications spokesperson, described to me as "a voice-activated, in-car communications technology that lets Ford customers play music, call friends, or receive text messages, without ever taking a hand off the wheel."

Fisher continued by pointing out that SYNC was "developed by Ford in partnership with Microsoft Corp (NASDAQ: MSFT) and it allows users to access their MP3 players and navigate by song, artist, album, or playlist using simple voice commands. SYNC enables Ford customers to use almost any Bluetooth-enabled phone to make hands-free calls. SYNC will even read text messages over the vehicle's speakers, so drivers can keep their eyes on the road."

SYNC is big business -- in 2008 Ford sold 500,000 vehicles with SYNC, and in 2009, Ford expects to sell1.3 million SYNC-equipped vehicles. As Paul Anderson, Ford's Manager for Cross Vehicle Marketing & Strategy, said "We want to make the technology available to the masses. Unlike our competitors who offer a new feature on the luxury model and work their way down to the lower-priced models, we started with the small, inexpensive Ford Focus and we are making SYNC available to anybody who needs or wants it. SYNC costs $395 and is thus an inexpensive option, and it is standard equipment in some models. By the end of 2009, SYNC will be available in 70% of our vehicles."

SYNC seems like a better idea to me. If you've tried it, comment below and let us know how you like it.

Peter Cohan is president of Peter S. Cohan & Associates. He also teaches management at Babson College. His eighth book is You Can't Order Change: Lessons from Jim McNerney's Turnaround at Boeing. He has no financial interest in the securities mentioned.

Get the latest on cars and trucks
from Ford and all brands at AOL Autos.

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 13, 2012: 02:17 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

Learn More About Ford Cars

Find Your Next Car

AOL Autos New Cars and Used Cars

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

    BioHealth Investor Headlines

    WalletPop Headlines

    DailyFinance BlackBerry App

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance

    BioHealth Investor Headlines

    Page Loaded in 1329117428719 ms.