World News | Ford Splits EV, Internal Combustion into Separate Units

by · LatestLY

New York, Mar 2 (AP) Ford is splitting its electric vehicle and internal combustion divisions into separate businesses.

The automaker said Wednesday that its plan includes two distinct, but strategically interdependent, auto businesses – Ford Blue focusing on traditional combustion engines and Ford Model e, which will develop electric vehicles.

Also Read | Russian Missile Strike Hit Buildings in Ukraine’s City Zhytomyr, Rescue Efforts Underway.

Ford is already developing electric vehicles like the Ford GT, Mustang Mach-E SUV and F-150 Lightning pickup and it operates an EV division in China.

Ford also has Ford Pro, which serves as a one-stop shop for commercial and government customers with a range of conventional and electric vehicles and a full suite of software, charging, financing, services and support on Ford and non-Ford products. (AP)

Also Read | Crude Oil Price Soars to $113 A Barrel as Russia-Ukraine Conflict Worsens.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)