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Ford CEO Says No Plans to Spin Off EV Business

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Ford's Chief Executive 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

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.

 

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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?
Source: latimes - 🏆 11. / 82 Read more »