Hyperdrive
Ford Joins Amazon Investing in Electric Truck Maker Rivian
- Manufacturer of F-Series plugging $500 million into upstart
- Deal follows collapse of talks Rivian had with General Motors
The Rivian Automotive Inc. R1S electric sports utility vehicle (SUV).
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
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.
The second-biggest U.S. automaker also is forming a partnership with Rivian, which Amazon.com Inc. 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.