Ford Motor is looking for ways to separate its electric-vehicle operation from its century-old legacy business, in the hopes of gaining the investor respect that Tesla and other electric-only brands have.
According to people familiar with the effort, CEO Jim Farley wants to separate Ford’s electric operations from its internal combustion engine business and has even considered spinning off one or the other. A spinoff could generate the kind of earnings multiples that have propelled Tesla’s market value to near $1 trillion.
As the transition to electrification accelerates, a number of automakers and suppliers are rethinking their internal combustion activities.
