Page 13 - Stuart Rowley News Today

Car manufacturer also to build battery gigafactory in Turkey and phase out emissions from vans by 2035

Ford will divide into separate electric and combustion engine business units

Will the best-selling hatchbacks be the victims as the US giant belatedly joins the rush to an exclusively battery-powered range?

The company now expects its annual EV sales in Europe to exceed 600,000 units in 2026 as it targets 2 million EV sales globally in that timeframe.

Ford Motor Co. will separate its legacy auto and burgeoning battery-electric vehicle businesses into two “distinct, but strategically interdependent” units within the company, the Dearborn, Mich., automaker said Wednesday.

Last May, Ford President and CEO Jim Farley introduced the Ford+ plan, calling it the company’s biggest opportunity for growth and value creation since

Ford is dividing its operations into three separate automotive units: its existing commercial arm as well as two new ones: Ford Blue and Ford Model e.

The move will impact dealers, who will be asked to specialize around ICE vehicles, BEVs or commercial vehicles, and transition to new methods in the process.

Ford Motor Co. on Wednesday said it's separating its internal combustion and electric vehicle businesses with a goal of increasing profit margins and getting engineers, designers and developers more focused on the unique needs of each powertrain. EVs — which the automaker now expects to account…

Ford Motor Co. on Wednesday said it's separating its internal combustion and electric vehicle businesses with a goal of increasing profit margins and getting engineers, designers and developers more focused on the unique needs of each powertrain. EVs — which the automaker now expects to account…