Ford invests $500 million in Rivian to create an ‘all-new’ EV

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Rivian stressed that it would remain an independent company, but acknowledged that Ford’s automotive president Joe Hinrichs was joining its board of directors. It’s easy to see the potential benefits for both companies. Rivian, of course, gets another huge injection of cash at a time when its first self-branded vehicles still haven’t reached the road …

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