Hyperdrive
Ford Reorganizes to Run EV and Engine Businesses Separately
- Carmaker sets target for 2 million annual EV sales by 2026
- Ford Model e unit will operate distinctly from Ford Blue
Ford has boosted output of the electric Mustang Mach-E and prepared more production capacity for the F-150 Lightning pickup.
Source: Ford Motor Co.
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Ford Motor Co. will separate its fast-growing electric vehicle operations from its legacy combustion engine business in a historic reorganization of the 118-year-old company.
The new Ford Model e unit will scale up the automaker’s EV offerings and develop software and connected-vehicle technology and services for all of the company. Ford Blue will focus on combustion vehicles, cutting costs and simplifying operations.