The process of legacy auto spinning off their EV businesses and leaving debt/pension/dealers/etc. on the books of the ICE division is beginning. Ford will be doing this as well. The question is if these new companies will be able to compete with Tesla. I think no, because culture and people are hard to change.
Groundbreaking changes emerged on the horizon ahead of the Renault-Nissan-Mitsubishi Alliance according to the latest media reports.
insideevs.com
Hopefully people will realize Elon doesn't have to sell sooner or later.