Ford, Rivian scrap plans to develop electric vehicle together

Published by
The Detroit News

Ford Motor Co. and Rivian Automotive Inc. on Friday said they have scrapped plans to develop an electric vehicle together on the EV startup’s platform as both automakers work to expand their production of EVs. Rivian made a splash last week on Wall Street with the biggest initial public offering of the year, surpassing the market capitalizations of traditional competitors like Ford. But the Dearborn automaker says it is confident it has what it needs to be an EV leader by developing its own vehicles. “Over a period of time, obviously, Rivian has done some extensive and impressive developments …

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