Ford is offering its Co-Pilot 360 driver assist software package free of charge to boost the sales of its all-electric sport-utility vehicle (SUV) Mustang Mach-E.

On Tuesday, Ford announced it is hiring a new Chief Accounting Officer as news came out it is also cutting 350 software jobs.

Ford has hired away a key Apple executive to run a new business unit that will sell software-related subscription services to vehicle owners.

A jury awarded Versata Software $105 million in a verdict against Ford Motor Co. after the automaker violated a contract and misused trade secrets.

Ford posted $4.7 billion in software and EV-related losses in 2023 and another $5 billion in 2024, with FNV4 contributing significantly to those figures.