
Ford Motor Company (NYSE:F) shares are trading higher Wednesday after the company announced the separation of its electric vehicle and internal combustion engine businesses.
The company reported February 2022 total U.S. sales of 129,273 vehicles, representing a year-over-year decrease of 20.9%. The company also announced the separation of its electric vehicle and internal combustion engine businesses. The new branches of the company will be named “Ford Blue” and “Ford Model e.”