Wall Street is pressuring the company to spin off its nascent EV business in order to increase value by shedding legacy costs and gaining greater access to capital markets. Investors have lavished enormous value on pure EV manufacturers such as Rivian Automotive, whose market value briefly surpassed Ford’s late last year despite producing relatively few vehicles.
According to two people familiar with the situation, Ford met with financial advisers late last year to discuss some options for the EV operation, including a potential reorganization and raising private capital.
