Ford unveils new structure as it speeds electric car push

Ford has split its operations between conventional and electric vehicles, dispelling rumours of a spin-off. AFP/File pix

Ford announced Wednesday it is creating separate businesses for its conventional and electric-auto operations, as it accelerates its build-out of emission-free vehicles.

Under the plan, which sent Ford shares sharply higher, the conventional internal combustion operations will be known as "Ford Blue," while the electric vehicle (EV) products will be run through "Ford Model e."