Deals
Ford Buys Michigan Software Company Livio
This article is for subscribers only.
Ford Motor Co., seeking to devise systems that better link car passengers’ mobile phones to their vehicles, acquired software company Livio for less than $10 million.
The automaker plans to retain all 11 full-time employees at Ferndale, Michigan-based Livio, Paul Mascarenas, Ford’s chief technical officer, told reporters today on a conference call. Livio will operate as a wholly owned subsidiary of Dearborn, Michigan-based Ford, he said.