World News | Ford Splits EV, Internal Combustion into Separate Units
Get latest articles and stories on World at LatestLY. Ford is splitting its electric vehicle and internal combustion divisions into separate businesses.
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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)