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Ford Creates Unit to Develop Autonomous Vehicles and New Technology

  • Former Renault executive Louis-Victor to run new Ford Next
  • Move furthers CEO Jim Farley’s reorganization of automaker
Jim Farley
Jim FarleyPhotographer: Aaron M. Sprecher/Bloomberg

Ford Motor Co. Chief Executive Officer Jim Farley has reshaped the company’s internal operations to accelerate development of autonomous vehicles and foster new technology businesses. 

Farley formed Ford Next late last year and put it under the direction of Franck Louis-Victor, a hard-charging specialist in new businesses hired last June from Renault SA. The unit contains Ford’s stake in autonomous-auto startup Argo AI and will develop startups in mobility services and other businesses. A joint venture that the automaker struck in January with security specialist ADT Inc. came out of Ford Next.