Ford has abandoned its project to develop Tesla-like electronic brain

Forex Short News

Ford has cancelled its FNV4 software platform, meant to unify vehicle systems across EVs and gas-powered cars.

  • Rising costs and delays prompted the move; lessons from the project will inform future efforts.

  • CEO Jim Farley’s “skunkworks” EV team in California is now the main focus for affordable, software-driven vehicles.

  • Doug Field, a key hire from Tesla and Apple, remains at Ford despite the project’s demise.

  • Ford has struggled with fragmented software from multiple suppliers, contributing to industry-leading recall rates.

  • Competitors like Tesla and BYD have pulled ahead with vertically integrated, update-friendly software systems.

This article was written by Eamonn Sheridan at www.forexlive.com.