Although it’s too early to know for sure, it seems that’s the case with Ford and Rivian, who have canceled their plans to collaborate on an electric vehicle. In April 2019, then-Ford CEO Jim Hackett invested $500 million in Rivian, the plan then being to develop a rugged electric SUV using Rivian technology. When Jim Farley took over as Ford CEO in October 2020, he led another $415 million investment in Rivian with the idea that the two companies would still collaborate on an EV.
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