Automakers

Ford to announce plans to run EV, ICE as separate businesses, report says

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(Ford)
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By:
BEN KLAYMAN, PAUL LIENERT and DAVID SHEPARDSON
|
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By:
Reuters
March 02, 2022 12:14 AM

Ford Motor Co. on Wednesday will announce a reorganization under which its electric and internal-combustion engine businesses will be run separately in a move meant to allow the EV business to maximize profits and move with greater speed, three people familiar with the plan told Reuters.

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