Ford investing in electric trucks
24 Apr 2019 Gambier, Ohio (CNN Business) Ford is investing $500 million in electric pickup truck maker Rivian, saying the two companies will work together to develop a new battery plug-in vehicle for Ford. Ford (F) is playing catch-up to 23 Dec 2019 Amazon and Ford Motor, which were already Rivian investors, also took part in the latest round. The funding is a vote of confidence in Rivian, which expects to start delivering a truck and a sport utility vehicle next year. 24 Apr 2019 Ford is counting on the partnership to accelerate its efforts to field a range of electric cars and trucks, while it also pushes to streamline operations, slash costs and increase profitability. The company's turnaround effort has 24 Apr 2019 Ford announced today that it is investing $500 million in electric pickup startup Rivian and the automaker will use the startup's platform to make an all-electric vehicle. Just two months ago, Rivian, an electric vehicle startup 20 Dec 2019 In a press release, it also revealed that its battery-electric version would follow soon after the launch of its hybrid model. Trucks account for over 50% of Ford's overall vehicle sales in the US market. In the third quarter, truck sales
Rivian has received an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies plan to develop an all- new, next-generation battery electric vehicle for Ford's growing EV portfolio using Rivian's
3 Feb 2020 a battery-powered SUV built by Rivian, following Ford's $500 million investment in the electric-vehicle (EV) sta. Rivian also will manufacture its own pickup truck, an SUV and delivery vehicles for Amazon, which invested 23 Dec 2019 Ford, Amazon and funds managed by BlackRock (BLK) also participated in the fundraising round. T. Rowe Price and BlackRock are investing in Rivian for the first time, while Amazon and Ford and adding to their investments. In Ford is investing $500 million in the electric vehicle startup Rivian, and will sell a vehicle built on the company's platform in the coming years. Rivian unveiled its own all-electric pickup and SUV models last year with plans to put them into Rivian has received an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies plan to develop an all- new, next-generation battery electric vehicle for Ford's growing EV portfolio using Rivian's
8 Oct 2019 Ford is investing $11.5 billion (U.S.) in its “all-in” electrified strategy. Here's a recent statement from the CEO of Ford's Canadian subsidiary: “We believe a consumer shift is on the way, and it's the right thing to do
24 Apr 2019 Ford Motor Co. will become a minority partner in Rivian, which is based outside of Detroit and recently rolled out a new electric pickup truck and an SUV that will go on sale late next year. The tie-up is another sign that 24 Apr 2019 Rivian CEO and founder RJ Scaringe said his company will benefit from Ford's manufacturing and lightweight vehicle expertise. The Dearborn, Michigan, automaker's top-selling Ford F-Series pickup truck has an aluminum 24 Apr 2019 Ford is investing $500 million in electric pickup truck maker Rivian, saying the two companies will work together to develop a new battery plug-in vehicle for Ford. Ford is playing catch-up to a number of other automakers'
17 Jan 2019 Ford is taking steps to future-proof its business by developing not just a hybrid, but a fully electric pickup truck. It's the perfect model for this project, which feels like a natural development following Ford's investments in the
Ford Motor Co. will invest $500 million in Rivian Automotive Inc., aligning the maker of the industry-leading F-Series pickup line with an upstart that’s electrifying gas-guzzling trucks and sport utility vehicles. Ford invests $500 million in Rivian, an electric truck startup in Michigan Rivian is a highly sought-after partner as the auto industry clamors to find ways to jump ahead of competitors in the The Michigan-based electric-vehicle start-up said Ford will invest $500 million, taking a minority stake, and the two companies will join forces to develop a new electric Ford. Ford Motor Company is investing $500 million dollars into Rivian, a Michigan-based electric vehicle (EV) startup and will use the company’s unique battery architecture to develop a yet unnamed vehicle.
25 Apr 2019 The Dearborn, Michigan automaker's top-selling Ford F-Series pickup truck has an aluminum body that shaved off Ford said the Rivian vehicle is in addition to Ford's plans to invest $11 billion in electric vehicles, including a
Ford invests $500 million in Rivian, an electric truck startup in Michigan Rivian is a highly sought-after partner as the auto industry clamors to find ways to jump ahead of competitors in the The Michigan-based electric-vehicle start-up said Ford will invest $500 million, taking a minority stake, and the two companies will join forces to develop a new electric Ford. Ford Motor Company is investing $500 million dollars into Rivian, a Michigan-based electric vehicle (EV) startup and will use the company’s unique battery architecture to develop a yet unnamed vehicle. Ford invests $500 million in electric pickup startup Rivian, will make an EV together. Ford announced today that it is investing $500 million in electric pickup startup Rivian and the automaker will use the startup’s platform to make an all-electric vehicle. Ford will invest $500 million in Rivian, the electric-vehicle maker, and use the startup’s underpinnings for a future vehicle.
The Michigan-based electric-vehicle start-up said Ford will invest $500 million, taking a minority stake, and the two companies will join forces to develop a new electric Ford. Ford Motor Company is investing $500 million dollars into Rivian, a Michigan-based electric vehicle (EV) startup and will use the company’s unique battery architecture to develop a yet unnamed vehicle. Ford invests $500 million in electric pickup startup Rivian, will make an EV together. Ford announced today that it is investing $500 million in electric pickup startup Rivian and the automaker will use the startup’s platform to make an all-electric vehicle. Ford will invest $500 million in Rivian, the electric-vehicle maker, and use the startup’s underpinnings for a future vehicle. Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford