Ford has no plans to spin off its EV or gasoline-powered vehicle businesses -CEO

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DETROIT (Reuters) – Ford Motor (NYSE:F) Co has no plans to spin off its electric vehicle or gasoline-powered vehicle businesses, Chief Executive Jim Farley said at a Wolfe Research conference on Wednesday.

Ford previously denied reports it was considering spinning off its EV or internal-combustion engine (ICE (NYSE:ICE)) operations.