Ford invests $500M in Rivian with electric F-150, Tesla pickup truck in mind

Rivian R1TFord will invest $500 million in Rivian and tap the EV startup’s modular platform for a future model, the companies announced Wednesday. The investment will only see Ford become a minority stakeholder in Rivian, but it is enough to get one of the automaker’s staff on the board of directors, in this case Joe Hinrichs, Ford’s president of…
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