Ford Motor Co. on Friday denied the possibility that it would spin off its electric-vehicle or traditional engine-based business in an effort to earn the investor enthusiasm that pure-play competitors have received.
“We are focused on our Ford+ plan to transform the company and thrive in this new era of electric and connected vehicles,” spokesman Mark Truby said by email when asked about a potential spinoff. “We have no plans to spin off our battery electric-vehicle business or our traditional ICE business.”