Ford splits gas-powered and electric vehicle businesses but doesn’t spin them off

(CNN Business)Ford is creating two new business units, one for electric vehicles and software and another for its traditional internal combustion vehicles. These companies will report their financial results separately from the rest of Ford but they will not be spun off as entirely separate companies. This new corporate structure will allow investors to more

Ford Mustang Mach-E (Image: Ford.co.uk)

EU’s Henry Ford moment for electric cars is here. Let’s make sure it’s not fake electric

When Henry Ford started to build his first car assembly line, horse dung was still littering the streets. What he invented in 1913 was not a new technology. Ford understood that mass production would mean the end of cars as a luxury item. 10 years on, motor cars had become accessible to most working people

VW e-Golf (Image: Volkswagen.co.uk)

Who’s Winning the Electric Vehicle Race?

Automakers are focused on developing models, but ad spending surge is sure to follow Oil-rich Texas is an unlikely spot for an electric vehicle demand surge. But John Luciano, general manager of a Volkswagen dealership in Amarillo, says his customers are juiced about EVs, suggesting the market might finally emerge from niche status nationally. “If