has no plans at this time of spinning off its electric vehicle or gasoline-powered vehicle businesses, CEO Jim Farley said Wednesday.Farley wanted to separate Ford's electric operations from its internal-combustion engine business and had considered spinning off one or the other.
"Despite the press speculation, we have no plans to spin off our electric business or our ICE business," he said at a Wolfe Research conference."It's really more around focus and capabilities, expertise and talent. Those are key for Ford and this is what we're working on."
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