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Wall Street Hails Ford's Decision to Split EV Business; Are EV and Profit Margin Targets Achievable? - Vimarsana News

Wall Street Hails Ford's Decision to Split EV Business; Are EV and Profit Margin Targets Achievable?

Wall Street rejoiced with Ford Motor's decision to internally separate its EV and legacy businesses, with the carmaker's stock recording its fifth-highest daily gain in the past year. Analysts are voicing doubts, however, about the company's new EV and profit margin targets.

Ford Splits EVs From Legacy Cars to 'Generate Industry-Leading Growth' - Vimarsana News

Ford Splits EVs From Legacy Cars to 'Generate Industry-Leading Growth'

Ford announced it is spinning off its electric vehicles (EV) unit, in an effort to "compete and win against both new EV competitors and established automakers," the company said in an announcement....