Ford, Rivian cancel plans to jointly develop an EV

Rivian CEO RJ Scaringe, left, and Ford Executive Chairman Bill Ford when Ford's $500M investment was announced in April 2019.

November 19, 2021 08:06 PM

DETROIT — After going public this month, electric-vehicle startup Rivian Automotive is worth almost 50 percent more than one of its early big investors: Ford Motor Co.

Featured Stories

Here’s our list of the 2025 Top 150 dealership groups

Dealership groups on 2025 top 150 list compete, consolidate and grow together

Volvo brings back Hakan Samuelsson as CEO

Trump says he ‘couldn’t care less’ if automakers raise prices for tariffs

Latest News

Volvo brings back Hakan Samuelsson as CEO

Dealership groups on 2025 top 150 list compete, consolidate and grow together

Read the Automotive News Digital Edition for March 31

No sign Trump will honor U.S. auto tariff protections won by Canada, Mexico in 2018

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Trump tariffs will force Europe’s automakers to rethink strategy, ACEA says

Porsche, Mercedes face $3.7B hit from U.S. auto levies

Canada’s auto industry outraged over Trump tariffs

Hyundai Canada launches nonprofit to fight childhood cancer, and other news from across Canada

Staying current is easy with newsletters delivered straight to your inbox.