FORD SPLITS ITS BUSINESS

FORD Motor will separate its fast-growing electric vehicle operations from its legacy combustion engine business in a historic reorganisation of the 118-yearold company. The Ford Model e unit will scale up the carmaker’s EV offerings and develop software and connectedvehicle technology and services. Ford

Blue will focus on combustion vehicles, cutting costs and simplifying operations. Ford said it plans to be able to make two million electric vehicles annually by 2026, a big step up from the 600 000 it’s aiming for in 2024.