Category Archives: Ford

Ford invests $500M in Rivian and intends to build a vehicle on Rivian’s EV platform

Rivian today announced a major investment from Ford. The 115-year-old automaker is investing $500 million into the Michigan-based EV startup. Along with the cash, Ford announced plans to build a vehicle on Rivian’s electric vehicle platform. “This strategic partnership marks another key milestone in our drive to accelerate the transition to sustainable mobility,” RJ Scaringe, Rivian founder and CEO, said in a released statement. “Ford has a long-standing commitment to sustainability, with Bill Ford being one of the industry’s earliest advocates, and we are excited to use […]

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