Ford taps ex-Apple exec to build hands-free driving business
FORD Motor on Monday (Aug 14) named former Apple executive Peter Stern as the president of its newly-formed integrated services unit to help build its hands-free highway driving business.
Stern, who previously oversaw Apple TV+, iCloud and Apple News+, will in his new role focus on integrating hardware, software and services across Ford Blue, Model e and Ford Pro.
Ford is looking to intensify its focus on connected vehicles, as the auto industry leans more towards subscription-based revenue from highly complex cars and trucks, though some scepticism remains around self-driving technology.
“The basis for differentiation is shifting from the vehicles alone to the integration of hardware, software and services,” Stern said.
Ford has more than 550,000 paid software and services subscribers, with Ford Pro commercial customers accounting for more than 80 per cent of them, the company said.
Stern starts work at Ford on Monday and will report to CEO Jim Farley. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands