Automakers

Ford separating EV business from ICE vehicles in bid to boost profits

Ford ICE EV Split
(FORD MOTOR CO.)
March 02, 2022 12:14 AM

DETROIT — Ford Motor Co. on Wednesday said it's separating its internal combustion and electric vehicle businesses with a goal of increasing profit margins and getting engineers, designers and developers more focused on the unique needs of each powertrain.

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