Ford invests $500M in Rivian to tackle Tesla, future electric vehicles

Posted By Green Car Reports
Date Wednesday, 24 April 2019, at 8:45 a.m.
Rivian R1T electric pickup conceptElectric vehicle company Rivian announced on Wednesday that Ford has invested $500 million in it, in return for Rivian's help developing a new electric Ford model. Rivian recently took $700 million in investment from Amazon and others. Rivian reportedly held talks with General Motors earlier in the year. Rivian CEO RJ Scaringe told Bloomberg at...

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