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Ford Restructures Connected-Vehicle Software Division, Cuts 350 Jobs

May 14, 2025 (59 days ago)
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Ford Restructures Connected-Vehicle Software Division, Cuts 350 Jobs
Ford is streamlining its connected-vehicle software operations, cutting 350 jobs to enhance efficiency and competitiveness in software-defined vehicles.

Restructuring of Connected-Vehicle Software Operations

  • Ford is cutting 350 jobs in the U.S. and Canada, impacting about 5% of its software team, to improve efficiency1
  • The company is merging two electric architectures into one for better software delivery1
  • Development of next-gen software (FNV4) has been canceled, unrelated to tariffs1

Impact of U.S. Tariffs on Operations

  • Ford expects a $1.5 billion annual loss due to tariffs, affecting operating profit2
  • Plans to move hybrid Civic production from Japan to the U.S. and may expand U.S. production2
  • Postponed EV supply chain plans in Canada by two years due to lower demand2

Quarterly Earnings and Financial Performance

  • Ford reported $0.14 EPS, exceeding estimates by $0.16, with revenue of $40.66 billion3
  • Dividend payout ratio is 48%, with a $0.15 quarterly dividend3
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