Ford this morning said it’s separating its electric vehicle and internal combustion businesses into separate units. Why it matters: The creation of distinct business lines — called “Model e” and “Ford Blue” — underscores how auto giants are reorienting around EV development. Get market news worthy of your time with Axios Markets. Subscribe for free. How it works: Ford said the two units would be “strategically interdependent” and share relevant tech. Together with the Ford Pro commercial services line launched last year, Ford said the three units will begin to separately report profits and losses in 2023.
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