Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology.
Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology, and the Detroit automaker said Wednesday that its transformation into an EV company is accelerating.
Jim Farley, the chief executive officer of Ford Motor Co., will lead the electric division.
The transformation of the auto industry in just the past year in pursuit of EV technology has been astonishing even to advocates who have pushed for years to put gasoline-powered cars in the rearview window. A handful of start-ups have compiled billions in capital, including heavy funding from traditional automakers.
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