Ford (F) is slashing roughly 350 connected-vehicle software positions in the U.S. and Canada as part of ongoing efforts to cut costs and streamline efficiency, Automotive News’ Michael Martinez reports, citing a person with knowledge of the moves.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
- Ford Motor Appoints New Chief Accounting Officer
- Ford CAO Mark Kosman to depart, Kyle Crockett to succeed
- ‘Run for the Hills,’ Says Philippe Houchois About Ford Stock
- “Customers are Doing What they Need To”: Ford Stock (NYSE:F) Surges on Cologne Strike, New Buying Patterns
- Charged: Tesla’s China-made EV sales down in April