The shares of Ford MotorTrading Friday morning saw a jump of more than 5 percent following reports that Jim Farley (CEO) is considering seperating its electric-vehicle business and the traditional engine operation.

Farley would like to seperate Ford’s internal-combustion engines business from the electric operation. He has even considered spinning one off. Bloomberg NewsReports, from people who were familiar with the effort.

Ford’s shares were up as high as 5.4% at $18.48 Friday. Then, the stock market leveled off at $18.11 an share (up by 3.3%).

Ford didn’t immediately reply to our request for comment.

Bloomberg had reported weeks earlier that the company was considering spinning off. a small portion of its EV businessAs part of a reorganization to help investors capture the value, some EV startups were awarded.

Any spinoff would stand out against Ford’s biggest U.S. competitor. General Motors. Despite Wall Street pressure, GM executives stated that they do not plan to sell their electric vehicle business.

Mark Reuss of GM stated in November 2020 that the company examined the possibilities for a spinoff, and concluded it would be a good idea. not be the right thing for its businessThe company cited both the costs and the benefits of having EV operations as part of its larger business.