Ford CEO Says No Plans to Spin Off EV Business

Ford Motor Co. Chief Executive Jim Farley said the auto maker doesn’t intend to spin off its electric-vehicle business, tamping down speculation that the company could break off its EV operations to boost market value.

“We have no plans to spin off our electric or [internal-combustion-engine] business,” Mr. Farley said Wednesday during a virtual Wolfe Research investor conference.

market crashing into the close traders are deepening the crash it’s real folks media tell the truth

That's too bad. I love Ford, but no one wants their electric vehicles.

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Ford’s CEO is exploring ways to separate its EV business to unlock Tesla-like valueFord Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers. Leave it to Ford to find a way to kill its own Mustang brand....way to go CEO Unlock value like the Edsel?
La source: latimes - 🏆 11. / 82 Lire la suite »