Ford Invests $500 Million in Electric Truckmaker Rivian

Apr 25 2019 by Motor Trend Blog

 

Ford will invest $500 million in Rivian, aligning the maker of the industry-leading F-Series pickup line with an upstart that’s electrifying gas-guzzling trucks and sport utility vehicles.

The second-biggest U.S. automaker also is forming a partnership with Rivian, which Amazon.com backed with an investment announced in February. Ford will build a vehicle using the platform that Rivian founder R.J. Scaringe said last week he plans to share with several companies.

Ford plans to bring a...

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