Why Ford Motor Company Stock Is Higher Today
Shares of Ford Motor Company (NYSE: F) were moving higher on Friday morning, after Bloomberg reported that the company is looking at ways to split its new (and booming) electric-vehicle (EV) business from its legacy internal-combustion engine (ICE) product line.
As of 11:30 a.m. ET today, Ford's shares were up about 3.2% from Thursday's closing price.
Bloomberg reported that CEO Jim Farley and other senior executives are looking at ways to separate Ford's EV operation from its legacy business. Such a separation could take the form of a "wall" between the two businesses or possibly a spinoff of one or the other.
Source Fool.com
