Ford is investing $500 million in electric pickup truck maker Rivian, working together to develop a new battery plug-in vehicle for Ford. The joint effort with Rivian is in addition to Ford’s plans to work with Volkswagen to develop a number of vehicles, including electric ones.
Company executives said Ford will still move ahead with its own electric vehicle development efforts, including a plug-in version of the Ford F-150 pickup. They said the vehicle it will develop with Rivian will be an addition to its future lineup.
Read the article at CNN.
The post Ford to Invest $500 Million in Electric PickUp Truck Maker Rivian appeared first on Fleet Management Weekly.
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