Ford may have denied reports about plans to spin-off its EV operations, but the automaker today announced a reorganization that clearly separates EV from ICE operations.
From now on, Ford Motor Company will have three main divisions dedicated to the core brand: Ford Blue (ICE), Ford Model e (EV) and Ford Pro (commercial vehicles).
While the move is not as radical as a spin-off, it creates distinct but interdependent electric vehicle and internal combustion businesses "poised to compete and win against both new EV competitors and established automakers."
