Ford Motor Co. will separate its fast-growing electric vehicle operations from its legacy combustion engine business in a historic reorganization of the 118-year-old company.
The new Ford Model e-unit will scale up the automaker’s EV offerings and develop software and connected-vehicle technology and services for all of the company. Ford Blue will focus on combustion vehicles, cutting costs and simplifying operations.
Ford’s ambition will be “to become a truly great, world-changing company again, and that requires focus,” CEO Jim Farley said in a statement March 2. “We are going all in, creating separate but complementary businesses that give us startup speed and unbridled innovation.”
