Ford Motor Company announced a restructuring plan on March 2 to split the traditional fuel vehicle and electric vehicle businesses. The restructuring aims to focus on the electric vehicle business, giving it "start-up-like speed of growth.". According to the restructuring plan, Ford's fuel vehicle business will be called "Ford Blue" and the electric vehicle business will be called "Ford Model E", which will be led by different executive teams, and the financial reports will be separated.
This is a charging Ford Mustang Mach E electric car photographed in Wexford, Pennsylvania, ON May 6, 2021. Xinhua News Agency/Midland
This is the Ford logo filmed on January 15, 2019 in Detroit, Michigan, USA. Xinhua News Agency/Reuters
This is a Ford F-150 electric model photographed in Los Angeles, USA, on November 18, 2021. Xinhua News Agency/AFP
This is the logo of the Ford Mustang Mach E electric car photographed in Wexford, Pennsylvania, on May 6, 2021. Xinhua News Agency/Midland
This is a Ford F-150 electric car photographed in Dearborn, Michigan, on September 16, 2021. Xinhua News Agency/Reuters