Ford to run EV, internal combustion divisions separately

Published March 2, 2022 6:54 AM

By MICHELLE CHAPMAN
AP Business Writer

Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology. The Detroit automaker said Wednesday that its transformation into an EV company is accelerating. Ford plans a major restructuring with two distinct but strategically interdependent auto businesses – Ford Blue focusing on traditional combustion engines and Ford Model e, which will develop electric vehicles. Jim Farley, the chief executive officer of Ford Motor Co., will lead the electric division. Farley said that with so many start-ups entering the EV market, the company’s legacy division was not allowing it to be nimble enough with developing technology.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.