Schwartz admits he does not know what the auto industry will look like over the next decade.
"What we're doing is setting ourselves up so that we can be a great provider of services," he said. "We're in a great position to be able to create and develop those next skills and those next services that are going to be needed as we move forward."
Schwartz said it is time to plan for what's next.
"We have to start preparing today," he said. "Some of these businesses are going to develop overnight and some of these businesses are going to take time to build."
Cox hopes to become an infrastructure provider, delivering a suite of services needed to maintain and manage shared and autonomous fleets, AutoForecast CEO Joe McCabe said. That could accelerate the transition to mobility services as fleet operators and consumers are assured there will be services to wash, charge, fuel and maintain autonomous and shared vehicles.
"If Cox can make a starting investment now and be involved with the whole process going forward, then they can adapt when necessary," McCabe said.
The company has a growing stable of mobility brands and investments.
Atlanta-based Clutch Technologies, which Cox has absorbed, has developed a technology platform that powers vehicle subscription programs for Mercedes-Benz, Porsche, BMW and about 30 dealers. Clutch uses predictive analytics to help automakers and dealers plan vehicle inventory and mix. Its algorithms recommend vehicles to members based on their use pattern.
"We think that subscription, no matter how small it is, it is definitely a part of the transportation future," Schwartz said. Clutch is a software "platform that, over time, dealers and others will use to manage fleets."
Consolidating the various mobility-focused investments, which also include Ridecell, Ouster and Getaround, into a single business group will speed product development, boost collaboration and make it easier to manage partnerships, Cox believes.
There's an arms race going on in the mobility services business, Schwartz said.
"The first to market with products and the first to see what needs to be done will be the winner," he said. "And we absolutely want to win in this space."