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USA Today
14-05-2025
- Automotive
- USA Today
Ford slashes 350 vehicle software jobs to boost efficiency
Ford slashes 350 vehicle software jobs to boost efficiency Show Caption Hide Caption Ford Motor Company: Understanding the automaker's history, legacy Explore the rich history of Ford Motor Company, from its groundbreaking assembly line innovations to iconic cars like the Model T, Mustang, and F-150. Ford to cut 350 connected-vehicle software jobs in the U.S. and Canada. The cuts are to improve efficiency and are not related to the U.S. tariffs. Ford has hired Kyle Crockett, who once worked for GM, to be its new Chief Accounting Officer. Ford Motor Co. is cutting nearly 350 connected-vehicle software jobs in its effort to improve efficiency, according to a person familiar with the situation. The automaker has also hired a new chief accounting officer. The 350 people work in the United States and Canada, but the person would not break out how many are located at the company's Dearborn-based headquarters in Michigan. The affected employees, who made up about 5% of the connected-software team, were notified on May 13, the person said. Ford spokesman Ian Thibodeau provided the following statement about the job cuts: "We consistently review our organization to make sure we are operating efficiently and effectively in a fast-paced and dynamic environment. We are making changes within our Connected Vehicle Software team to ensure we have the right talent and organization to deliver the world's best next-generation connected vehicles. This will include some separations.' Ford's next-gen electrical software Thibodeau said the cuts are not related to the ongoing turmoil around President Donald Trump's tariffs on imported vehicles or parts or Ford's decision to cancel development of a next-generation electrical software architecture. More automotive industry layoffs: Nissan to slash another 11,000 jobs, close 7 plants Analysts asked CEO Jim Farley during the first-quarter earnings call about Ford's move to cancel development of the next-generation electrical software architecture. He said that for capital efficiency, Ford has merged some advanced software so it can offer new electrical software architecture at a lower price point than its previous generation. It will also enhance Ford's integrated services and software revenue and profitability, he said. "This savings also has a big impact on the cost of our future products, so all of our products will be more affordable now," Farley said in the call. "In fact, we're targeting our next-generation products to be cheaper than our current outgoing products and a big factor in that is" updated electrical software. The connected-vehicle software team works on projects that include the newly launched Ford and Lincoln Digital Experience and they report to Doug Field, Ford's chief EV, digital and design officer. New top accountant Ford also announced on May 13 that it has hired Kyle Crockett, who once worked for General Motors, as Chief Accounting Officer. Crockett, who will join Ford on May 19, will be responsible for all aspects of Ford's accounting function and internal control over financial reporting, the company said in a statement. His appointment will be effective the first business day after the company files its second quarter Form 10-Q, Ford said. Until then, he will serve as vice president of accounting, reporting to Chief Financial Officer Sherry House. Crockett has a lengthy resume with experience in accounting, taxes, the Securities and Exchange Commission and financial reporting, internal controls, and process and system transformation. He most recently served as vice president, controller and chief accounting officer at heating and cooling company, Carrier Global Corp. There, he helped streamline Carrier's business portfolio and simplify its technology footprint among other things. Prior to joining Carrier, Crockett worked across other industries, including at GM for more than a decade. "There, he launched process transformation initiatives to drive global standardization, improve quality and efficiency and enhance insight to drive better decision making," Ford said. Crockett will succeed Mark Kosman, who is taking on another role in the finance organization. Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber.
Yahoo
14-05-2025
- Automotive
- Yahoo
Ford slashes 350 vehicle software jobs to boost efficiency
Ford Motor Co. is cutting nearly 350 connected-vehicle software jobs in its effort to improve efficiency, according to a person familiar with the situation. The automaker has also hired a new chief accounting officer. The 350 people work in the United States and Canada, but the person would not break out how many are located at the company's Dearborn-based headquarters in Michigan. The affected employees, who made up about 5% of the connected-software team, were notified on May 13, the person said. Ford spokesman Ian Thibodeau provided the following statement about the job cuts: "We consistently review our organization to make sure we are operating efficiently and effectively in a fast-paced and dynamic environment. We are making changes within our Connected Vehicle Software team to ensure we have the right talent and organization to deliver the world's best next-generation connected vehicles. This will include some separations.' Thibodeau said the cuts are not related to the ongoing turmoil around President Donald Trump's tariffs on imported vehicles or parts or Ford's decision to cancel development of a next-generation electrical software architecture. More automotive industry layoffs: Nissan to slash another 11,000 jobs, close 7 plants Analysts asked CEO Jim Farley during the first-quarter earnings call about Ford's move to cancel development of the next-generation electrical software architecture. He said that for capital efficiency, Ford has merged some advanced software so it can offer new electrical software architecture at a lower price point than its previous generation. It will also enhance Ford's integrated services and software revenue and profitability, he said. "This savings also has a big impact on the cost of our future products, so all of our products will be more affordable now," Farley said in the call. "In fact, we're targeting our next-generation products to be cheaper than our current outgoing products and a big factor in that is" updated electrical software. The connected-vehicle software team works on projects that include the newly launched Ford and Lincoln Digital Experience and they report to Doug Field, Ford's chief EV, digital and design officer. Ford also announced on May 13 that it has hired Kyle Crockett, who once worked for General Motors, as Chief Accounting Officer. Crockett, who will join Ford on May 19, will be responsible for all aspects of Ford's accounting function and internal control over financial reporting, the company said in a statement. His appointment will be effective the first business day after the company files its second quarter Form 10-Q, Ford said. Until then, he will serve as vice president of accounting, reporting to Chief Financial Officer Sherry House. Crockett has a lengthy resume with experience in accounting, taxes, the Securities and Exchange Commission and financial reporting, internal controls, and process and system transformation. He most recently served as vice president, controller and chief accounting officer at heating and cooling company, Carrier Global Corp. There, he helped streamline Carrier's business portfolio and simplify its technology footprint among other things. Prior to joining Carrier, Crockett worked across other industries, including at GM for more than a decade. "There, he launched process transformation initiatives to drive global standardization, improve quality and efficiency and enhance insight to drive better decision making," Ford said. Crockett will succeed Mark Kosman, who is taking on another role in the finance organization. Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber. This article originally appeared on Detroit Free Press: Ford to cut nearly 350 connected-vehicle software jobs in US, Canada
Yahoo
13-05-2025
- Automotive
- Yahoo
Ford to cut 350 software jobs, hires a new chief accountant
Ford Motor Co. is cutting nearly 350 connected-vehicle software jobs in its effort to improve efficiency, according to a person familiar with the situation. The automaker has also hired a new chief accounting officer. The 350 people work in the United States and Canada, but the person would not break out how many are located at the company's Dearborn-based headquarters. The affected employees, who made up about 5% of the connected-software team, were notified on May 13, the person said. Ford spokesman Ian Thibodeau provided the following statement about the job cuts: "We consistently review our organization to make sure we are operating efficiently and effectively in a fast-paced and dynamic environment. We are making changes within our Connected Vehicle Software team to ensure we have the right talent and organization to deliver the world's best next-generation connected vehicles. This will include some separations.' Thibodeau said the cuts are not related to the ongoing turmoil around President Donald Trump's tariffs on imported vehicles or parts or Ford's decision to cancel development of a next-generation electrical software architecture. Analysts asked CEO Jim Farley during the first-quarter earnings call about Ford's move to cancel development of the next-generation electrical software architecture. He said that for capital efficiency, Ford has merged some advanced software so it can offer new electrical software architecture at a lower price point than its previous generation. It will also enhance Ford's integrated services and software revenue and profitability, he said. "This savings also has a big impact on the cost of our future products, so all of our products will be more affordable now," Farley said in the call. "In fact, we're targeting our next-generation products to be cheaper than our current outgoing products and a big factor in that is" updated electrical software. The connected-vehicle software team works on projects that include the newly launched Ford and Lincoln Digital Experience and they report to Doug Field, Ford's chief EV, digital and design officer. Ford also announced on May 13 that it has hired Kyle Crockett, who once worked for General Motors, as Chief Accounting Officer. Crockett, who will join Ford on May 19, will be responsible for all aspects of Ford's accounting function and internal control over financial reporting, the company said in a statement. His appointment will be effective the first business day after the company files its second quarter Form 10-Q, Ford said. Until then, he will serve as vice president of accounting, reporting to Chief Financial Officer Sherry House. Crockett has a lengthy resume with experience in accounting, taxes, the Securities and Exchange Commission and financial reporting, internal controls, and process and system transformation. He most recently served as vice president, controller and chief accounting officer at heating and cooling company, Carrier Global Corp. There, he helped streamline Carrier's business portfolio and simplify its technology footprint among other things. More: Ford's German workers set strike to protest job cuts Prior to joining Carrier, Crockett worked across other industries, including at GM for more than a decade. "There, he launched process transformation initiatives to drive global standardization, improve quality and efficiency and enhance insight to drive better decision making," Ford said. Crockett will succeed Mark Kosman, who is taking on another role in the finance organization. More: Nissan layoffs: Company to slash another 11,000 jobs, close 7 plants Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber. This article originally appeared on Detroit Free Press: Ford to cut nearly 350 connected-vehicle software jobs in U.S., Canada
Yahoo
13-05-2025
- Automotive
- Yahoo
Ford cutting hundreds of connected-vehicle software jobs
Ford Motor Co. is cutting about 350 connected-vehicle software jobs in the U.S. and Canada as part of an ongoing effort to improve efficiency, according to a person with knowledge of the moves. Affected workers were notified May 13. The employees work on projects that include the newly launched Ford and Lincoln Digital Experience. The cuts amount to roughly 5 percent of the automaker's connected-vehicle software team, which is under the purview of Doug Field, Ford's chief EV, digital and design officer. The action is unrelated to U.S. import tariffs or Ford's decision to cancel development of a next-generation electrical software architecture, internally called FNV4, a spokesperson said. 'We consistently review our organization to make sure we are operating efficiently and effectively in a fast-paced and dynamic environment,' the spokesperson said in a statement provided to Automotive News. 'We are making changes within our Connected Vehicle Software team to ensure we have the right talent and organization to deliver the world's best next-generation connected vehicles. This will include some separations.' Sign up for the quarterly Automotive News U.S. Sales report to get data and news sent to your inbox as soon as it's compiled. CEO Jim Farley has long talked about finding the right talent to help Ford better compete in the era of software-defined vehicles. On a 2022 earnings call, Farley called the automaker's software talent recruitment 'perhaps the biggest untold story at Ford.' The company late last month scrapped its FNV4 software architecture because of ballooning costs and delays, Reuters reported. 'It's a very significant save for capital efficiency,' Farley said May 5 on Ford's first-quarter earnings call. 'We simply merged our two Ford zonal electric architectures into one. This is very important for the company because our software is going faster than we expected, and the advanced electric architectures allow us to deliver software to the vehicles and customers in a more efficient way.' Unrelated to the U.S. moves, Ford is in the midst of cutting around 14 percent of its European workforce, mostly in Germany and Great Britain. Workers at Ford's factory in Cologne, Germany, expect to strike May 14 as tensions rise over planned cuts. Have an opinion about this story? Tell us about it and we may publish it in print. Click here to submit a letter to the editor. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
22-03-2025
- Automotive
- Globe and Mail
Ford Stock (NYSE:F) Notches Up With Ford Digital Experience Change
Legacy automaker Ford (F) has been working with Alphabet's (GOOGL) Google arm for a few years now, and the result has been the Ford Digital Experience. In Lincoln models, however, it becomes the 'Lincoln Digital Experience' instead, but the basic concept remains the same. And reports suggest some changes are afoot. The changes were viewed with a hint of skepticism, and Ford investors budged shares up fractionally in Friday afternoon's trading. Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. The Ford Digital Experience, Google noted, will be upgraded from the current Google Assistant to the new Gemini artificial intelligence. Details are a bit short on the ground right now, but Google will soon be using Gemini in everything from televisions to speakers. That includes, eventually the Ford and Lincoln Digital Experience. Ford, for its part, played the news close to the vest, and would not comment on what kind of changes would come along with the pivot to Gemini. But this may be a more dangerous development than some expect; the Ford and Lincoln Digital Experience models have already won their share of accolades. MotorTrend recently gave the Lincoln Digital Experience its 2025 Best Tech Award for infotainment. Making a lot of changes may make a good situation much worse, therefore. The Unexpected Hotel Connection Meanwhile, Ford is proving to have a new and largely unexpected venture afoot: a hotel. The Dearborn Inn, particularly, which dates all the way back to Henry Ford himself. Ford, the company, originally had its own airport, the Ford Airport, which is currently not a thing. Not surprisingly, those who came to Detroit by way of the airport in turn needed a place to stay for the night. And Ford built the Dearborn Inn, one of the first 'airport hotels.' And now, after two years of renovation, the Dearborn Inn is reopening. In fact, some reports suggest that this is part of a 'larger strategy' at Ford to draw business to the new Ford business campus, and by extension, Detroit as a whole. Ford has also been working to renovate large parts of Detroit, like the Michigan Central Station, so that it looks more presentable and amenable to business and tourism. Is Ford Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on F stock based on four Buys, 10 Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 16.5% loss in its share price over the past year, the average F price target of $10.59 per share implies 5.43% upside potential. See more F analyst ratings Disclosure Questions or Comments about the article? Write to editor@
