
Striking the right balance between work and freedom
The coronavirus pandemic has prompted us to rethink how we work in so many ways, including where we work — whether …
May 14, 2021: -Ford Motor said Thursday it had launched the technology to make significant remote upgrades to its cars and trucks and is planning to roll it out to 33 million vehicles by the year 2028.
The new technology would create a huge global fleet that would collect data on millions of consumers and commercial customers, which would give the automaker access to lucrative new markets and potential revenue streams.
“We believe that data is the new oil, and it enables us to have an always-on relationship with our customer,” said Alex Purdy, director of business operations, enterprise connectivity for Ford’s enterprise connectivity unit.
Ford calls its new over-the-air update capability “Power-Up,” highlighting its ability to enhance and upgrade a vehicle well into its lifecycle.
In 2012, Tesla became the first automaker to utilize OTA for more upgrades like driving characteristics. Other automakers that include General Motors, have used remote updates for navigation or infotainment systems but have only recently launched vehicles that can receive more significant upgrades.
OTA updates could save billions for automakers and recall costs. They would also provide a direct connection amid the automaker and consumer, which would increase the potential earnings from data fleet monetization and recurring revenue opportunities for new features or updates.
“It’s a total reversal of the ownership model, where vehicles just used to get older,” Purdy said.
Ford said it had sent OTA updates to more than 100,000 F-150 pickups and Mustang Mach-E customers since late March. According to the company, an update to the F-150 for a battery drainage issue saved Ford more than $20 million in warranty costs.
“This is highly transformative,” said Aziz Makkiya, manager of software updates for Ford’s enterprise connectivity unit.
“The sky’s the limit as we have more population of vehicles that are capable of this new technology,” he added.
Officials said OTA capabilities would eventually be available across Ford’s vehicle lineup. It will release new cars and trucks with more capable electrical systems and components that can handle the updates. The following vehicle to feature OTA updates is the upcoming Bronco SUV, according to the company.
The coronavirus pandemic has prompted us to rethink how we work in so many ways, including where we work — whether …
Many countries are now welcoming employees back to work after a long period of uncertainty caused by the …
People who have an entrepreneurial mindset learn to spot new opportunities and create value inside a business naturally and …
COVID-19 has made routine modern-day disruptions for businesses even more challenging, impacting everything …
Innovations must be unconventional and ought to push boundaries. Innovation-driven people are …
COVID-19 changed the corporate environment in the blink of an eye, highlighting a vital, often misunderstood truth: that to …
July 6, 2022: -On Tuesday, SAS filed for bankruptcy in the United States, the Scandinavian airline said, warning strike action …
July 6, 2022: -Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from more extensive competitor …
July 5, 2022: -Germany’s road traffic agency determined Tesla models Y and three because of a fault in the automatic …
July 5, 2022: -On Monday, the company said that Crypto lender Vauld halted all withdrawals, trading, and warranties …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you