Despite recent rumors stemming from a simple comment by Ford CEO Jim Farley, Ford will not be spinning off its EV or ICE business. During an earnings call, the statement in question was when Farley mentioned he was already running EV and ICE like separate businesses. The comment, combined with analyst pressure on traditional automakers to separate their EV business caused speculation across the industry and market.
The Verdict. Farley put the speculation to rest by saying the company has no plans of any spin-off and that their focus is more on capability, expertise, and talent at this time.
Telling it like it is - Two things we know about rumors: it's Fleetwood Mac's best album, and none of them are valid until they are.