Ford Motor Co. is planning to cut as many as 8,000 jobs from its internal combustion engine division as it seeks to channel more funding into its electric vehicle division. The cuts, reported by Bloomberg, follow Ford CEO Jim Farley's previously announced plans to cut $3 billion in company costs by 2026, including through employee layoffs, as well as his efforts to restructure the company radically. To that end, Farley has separated Ford into two separate units: “Ford Blue,” which focuses on traditional, industrial combustion engine vehicles, as well as the newer “Model E” division that focuses solely on EV...