P&A Providers & Administrators
MenuMENU
SearchSEARCH

No EV Spinoff for Ford

CEO Jim Farley says the automaker has no plans to spin off its EV business during a virtual Wolfe Research investor conference.

February 24, 2022
No EV Spinoff for Ford

Chris Farley, CEO, Ford

Credit:

Ford

2 min to read


 

 

As Wall Street analysts speculated that Ford Motor Co. might spin off its electric vehicle (EV) business, CEO Jim Farley put their predictions to rest during a virtual Wolfe Research investor conference.

“We have no plans to spin off our electric or [internal-combustion-engine] business,” he stated.

Ad Loading...

He explained Ford’s engineering and manufacturing expertise, and other core capabilities, will be essential in building out the company’s EV business.

Farley stressed Ford will adopt a different approach to developing, building and selling EVs than it takes for gas- and diesel-powered cars, but reiterated that Ford doesn’t need to spin off the EV operations to be successful.

“It’s really [centers] more around focus, capability, expertise and talent,” he said.

Ford shares sold off following Farley’s remarks, down about 2% at close.

Ford’s move to keep EV production in house is similar to other automaker’s strategies. Executives stress they are willing to explore their options, but most say EV operations are tightly intertwined with their total operation.

Ad Loading...

“I think all the assets we bring to [the EV transition] are stronger and we can go faster because they’re together,” General Motors Co. CEO Mary Barra said in December.

Still, a Ford electric-vehicle spinoff “could give the new EV division easier access to capital and generate multiples more in-line with pure EV players including Rivian and Tesla,” Duetsche Bank analyst Emmanuel Rosner wrote in a report. He speculated that a complete separation would be difficult to execute.

Ford reported that it expects 40% of its global sales to be electric by 2030.

Originally posted on Auto Dealer Today

More Industry

Kia Niro SUV in gold color parked outdoors
Industryby Hannah MitchellSeptember 1, 2026

Kia Closes Out Summer With a Bang

Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.

Read More →
Outside of Auto Park Ford dealership
Industryby Lauren LawrenceSeptember 1, 2026

Indiana Dealership Changes Hands

A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.

Read More →
Three men standing in front of two classic cars handing off gift.
Industryby Hannah MitchellAugust 25, 2026

Texas Dealership No Longer in the Family

The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.

Read More →
Ad Loading...
Outside of modern car dealership “Genesis of San Bruno
Industryby Lauren LawrenceAugust 25, 2026

Genesis Grows California Presence

The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.

Read More →
Red Honda Civic hybrid sedan on two lane road with green hills in background
Industryby Hannah MitchellAugust 21, 2026

August Auto Sales a Mixed Bag

An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.

Read More →
EV charger inserted into dark-colored car port
Industryby Hannah MitchellAugust 18, 2026

EV Market Humming Along

July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.

Read More →
Ad Loading...
car in background with hand giving a thumbs up in front
Industryby Lauren LawrenceAugust 14, 2026

Auto Loan Delinquency Rates Stabilize

Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.

Read More →
blue sky, yellow and orange rollercoaster with riders going up an incline
Industryby Lauren LawrenceAugust 12, 2026

EV Sales Recover in Q2

The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.

Read More →
Photo of blue Toyota Prius parked next to body of water with city skyline in background
Industryby Hannah MitchellAugust 5, 2026

The Cheapest Hybrids to Fuel

The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.

Read More →
Ad Loading...
white SUV parked in front of a body of water with a gray sky background
Industryby Lauren LawrenceAugust 5, 2026

Hybrids and SUVs Gaining Ground

The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.

Read More →