Ford CEO says no EV spinoff planned but highlights differences in operations

Jordyn Grzelewski
The Detroit News

Ford Motor Co. does not plan to spin off either its electric-vehicle or legacy internal combustion engine vehicle business, CEO Jim Farley said Wednesday, even as he underscored significant differences between those parts of the company.

His comments at a Wolfe Research conference were the company's latest pushback on a Bloomberg report that Farley is looking at ways — including a spinoff — to separate the two parts of the business in a bid to boost shareholder value.