FI showroom red and grey logo
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 Showroom

Twilight of white hybrid car.
Showroomby Lauren LawrenceJuly 22, 2026

California Hybrids Reach State Record

The Golden State still leads the country in electric-vehicle registrations, but much like the rest of the U.S. its hybrid market share is up while full electrics stabilize after a dramatic first-quarter dip.

Read More →
White meeting room in car dealership with rims displayed on wall and projected screen
Showroomby Hannah MitchellJuly 22, 2026

My Mercedes in the U.S.

The German brand debuted its studio dealership concept for the first time in the states in Los Angeles, tapping Americans’ penchant for creative distinctions.

Read More →
Photo of parked cars of various types for sale on a lot
Showroomby Hannah MitchellJuly 20, 2026

Used Sales Hit Summer Drag

The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.

Read More →
Ad Loading...
desert road with cars driving away, Rebates Incoming with red star graphic, F&I and Showroom logo
Showroomby Lauren LawrenceJuly 15, 2026

California Launches EV Rebate Program

Participating automakers are matching the state's $13.5 million investment in new electric-vehicle rebates scheduled to take effect later this summer.

Read More →
Aerial shot of a car dealership
Showroomby Hannah MitchellJuly 13, 2026

OEM Poll Sees Industry Evolution

Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.

Read More →
Photo of cars lined up on lot
ShowroomJuly 10, 2026

The Trade-In Paradox

Retailing older cars with confidence in today’s market is a matter of establishing and following a clear process that can turn greater profit for auto dealers as they aim to meet used-unit hunger.

Read More →
Ad Loading...
Phot of a dark Kia vehicle interior with steering part of steering wheel and dashboard
Showroomby Hannah MitchellJune 29, 2026

Focus on Vehicle Cabins

The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.

Read More →
Photo of multiple new SUVs on a car dealership lot
Showroomby Hannah MitchellJune 22, 2026

State Follows Federal Warning on Auto Ads

The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.

Read More →
Map of Europe next to back of EV car.
Showroomby Lauren LawrenceJune 22, 2026

European EV Market Hits Record

Seven out of the top 10 electric vehicles sold so far in 2026 in Europe are by European brands, and automakers are seeing the power train fill up their order books.

Read More →
Ad Loading...
Person pumping gas into car.
Showroomby Lauren LawrenceJune 17, 2026

Used EVs Outpace New

While North American electric-vehicle sales remain down year-over-year, May sales saw a 3% increase from April’s numbers as used EVs led the market.

Read More →