Ford is separating its electric car division from its internal combustion engine business in a move that it hopes will encourage investors to value it more highly.
Ford Model E will focus on EVs as well as developing software and connected vehicle services. Meanwhile, Ford Blue will be responsible for all ICE vehicle development with a task to cut costs, simplify operations and improve quality.
Commercial vehicles will be covered by the previously established Ford Pro division.
Ford’s aim is that by dividing the company the two sides will play to their strengths.
