Ford and Google agreed to a six-year partnership that will see the tech giant integrate its operating systems into the automaker's Ford and Lincoln vehicles, beginning in 2023. Google will become Ford's main provider of cloud technology and connected vehicle services. Both companies will establish a new group called Team Upshift, where employees will leverage shared data to develop new services for Ford's customers.
- Ford will use Google's artificial intelligence technology to "improve the efficiency of vehicle development, supply chain and manufacturing operations."
- Ford intends to use Google's technology to streamline its operations and accelerate Ford CEO Jim Farley's $11B global restructuring plan.
- Farley said the deal was worth "hundreds of millions of dollars," but wouldn't specify the exact amount.
- The agreement isn't exclusive, and both companies will be allowed to partner with other tech companies and automakers.
- Since Farley took over as CEO in October 2020, Ford's share price has risen by 60%.