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Year: 2022

Ford’s fork in the road: EV, internal combustion are split

By MICHELLE CHAPMAN AP Business Writer Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology. The Detroit automaker said Wednesday that its transformation into an EV company is accelerating. Ford plans a major restructuring with two distinct but strategically interdependent auto businesses –

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Russia says its economy is taking ‘serious blows’ as isolation grows

By Mark Thompson and Vasco Cotovio, CNN Business The Russian economy is taking “serious blows,” the Kremlin acknowledged Wednesday, as the country’s growing isolation piles further pressure on its tottering financial system. Apple, ExxonMobil, Ford, Boeing and Airbus joined a list of companies shutting down or suspending their operations in Russia in response to its

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