Ford Makes Investment in Rivian - Ford Inside News Community
LinkBack Thread Tools
post #1 of 3 (permalink) Old 04-24-2019, 09:15 AM Thread Starter
Ford Mondeo
badhac's Avatar
Join Date: Dec 2014
Location: Newport News VA
Posts: 1,071
Ford Makes Investment in Rivian

Ford Motor Company has made a major investment in Rivian, a Michigan-based electric vehicle producer that made waves at last year's Los Angeles Auto Show with its striking, long-range, all-electric R1S SUV and the R1T pickup truck.

The Blue Oval is pouring $500 million into the brand and has confirmed via an official release that it will develop an exclusive, new electric vehicle from a Rivian platform. According to Ford, this new vehicle will exist in addition to its current battery electric plans, which include an all-electric, Mustang-inspired crossover and an electrified F-150 pickup.

During a conference call with reporters, Ford confirmed that Rivian will assemble the skateboard platform at its Normal, Illinois factory, but that the Blue Oval would handle production. The automaker didn't go so far as to say where final assembly would be or for what brand or market it would compete in. But the two companies confirmed that the Ford vehicle wouldn't necessarily compete with Rivian's entries.

Fordís Joe Hinrichs is also set to join Rivianís board of directors as part agreement.

ďFord has a long-standing commitment to sustainability, with Bill Ford being one of the industry's earliest advocates, and we are excited to use our technology to get more electric vehicles on the road," Rivian boss RJ Scaringe (above, left) said.

In a conference call with reporters, Scaringe confirmed his company had discussed partnerships with other automakers. Rumors had put GM in the running, and Scaringe said there could be applications with other partners down the road, but that it was focused on executing with Ford.
badhac is offline  
Sponsored Links
post #2 of 3 (permalink) Old 04-24-2019, 04:02 PM
Focus RS WRC
Join Date: Dec 2012
Posts: 864
Re: Ford Makes Investment in Rivian

This a good move, IMO. Why reinvent the wheel?
glyphics is offline  
post #3 of 3 (permalink) Old 04-24-2019, 06:10 PM
Ford Explorer
wingsnut's Avatar
Join Date: Mar 2007
Posts: 10,404
Re: Ford Makes Investment in Rivian

I would say Rivian stands to gain far more than Ford, but both will benefit.

"kavanaugh is on the Supreme Court, Avenatti is in jail, Stormy has to pay Trump's legal fees, and there is no collusion. What a great country."
wingsnut is online now  
Sponsored Links

Quick Reply

Register Now

In order to be able to post messages on the Ford Inside News Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome