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. The conventional internal combustion operations will be known as “Ford Blue,” while the electric vehicle (EV) products will be run through “Ford Model e.” The two ventures will each have distinct executive leadership and report their own financial results. Both companies will continue to be headquartered in the midwestern state of Michigan. The company opted against spinning off one of the ventures through an initial public of…