Keep pulling the thread on Jim Farley.
Ford is focusing its autonomous driving efforts on Level 3 high-speed, eyes-off highway driving rather than Level 4 autonomy or robotaxis.
Ford faces a $2 billion annual bill due to tariffs on imported parts.
Tariffs on imported parts are eliminating approximately 20% of Ford's profit.
Ford CEO Jim Farley stated that Chinese electric vehicle manufacturers are the "700-pound gorilla" in the automotive industry.
Ford's EV and software chief, Doug Field, has left the company.
Ford took a $19.5 billion write-down on its electric vehicle operation.
Ford created a new, separate team called the "Maverick Group" to develop its next-generation EV platform, isolating them from Ford's existing IT systems and processes.
Ford believes it will have to make a major strategic decision if Apple pursues full control of the in-vehicle experience with future versions of CarPlay Ultra.
Ford discontinued its all-electric F-150 Lightning pickup truck.
Chinese electric vehicle makers dominate the global EV market, with a local volume of 11 million EVs or extended-range EVs, which is ten times the U.S. market volume of 1 million vehicles.
According to Ford's CEO, there is no real competition from Tesla, General Motors, or Ford when compared to the electric vehicles produced in China.
BYD's vertically integrated battery production makes their batteries 30% cheaper than what Ford can purchase from CATL.