Ford invests $500m in electric car maker Rivian

AutoExec Summary
Ford has invested US$500 million in Rivian, an electric car start-up, aiming to develop a plug-in version of the Ranger ute. This partnership, which follows a US$700 million investment from Amazon, aims to accelerate the transition to sustainable mobility. Rivian plans to introduce its electric ute in Australia, designed for right-hand drive markets. Ford is also developing an electric version of the F-150 and other vehicles, leveraging Rivian’s innovative skateboard platform for enhanced design and functionality.

Brands mentioned: Ford, Rivian, General Motors, Amazon, Tesla, Audi, Toyota