Ford's $500M investment in Rivian to yield new electric vehicle

Rivian CEO RJ Scaringe, left, and Ford Executive Chairman Bill Ford

April 24, 2019 12:29 PM

DETROIT -- Ford Motor Co., in another move to shore up its electrification efforts, on Wednesday said it was investing $500 million in electric vehicle startup Rivian and plans to build a battery EV using Rivian's flexible skateboard platform.

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