- Ford will reorganize operations to separate its electric and internal combustion engine businesses into different units within the automaker.
- The company expects the move will streamline its growing electric vehicle business and maximize profits.
- “We’re going all in,” Ford CEO Jim Farley said in a statement announcing the changes.
- The company plans to breakout financial results for the new units as well as its Ford+ business by 2023, giving investors greater transparency into the operations.
Source: Press Release