Automakers

Automakers weigh EV spinoffs to protect their future

Ford Mustang Mach-E GT
The Mustang Mach-E is a key electric vehicle for Ford, which under CEO Jim Farley is creating a separate EV unit called Model e, while internal-combustion vehicles will be part of Ford Blue.  (Eric Perry)
May 03, 2022 04:00 AM

Automakers have spent more than a century refining gasoline and diesel engines -- and creating a network of factories and research centers to develop and build them. Now they face a worrisome prospect: The quickening transition to electric cars is sharply devaluing those assets, threatening not only short-term profits but also their long-term survival.

Staying current is easy with newsletters delivered straight to your inbox.