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2021-11-22

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Rivian shares fell more than 5% in premarket trading

Rivian shares fell more than 5% in premarket trading.Ford no longer plans to make an electric vehicle with EV startup Rivian, CEO Jim Farley tells Automotive News. The Detroit automaker originally announced it wanted to make a Rivian-powered EV in 2019 when it made its first investment of $500 million into the startup. Ford and Rivian already canceled a vehicle they planned to make for the Lincoln luxury brand in 2020.One reason Farley gave for canceling the EV collaboration was the complexity o

Rivian shares fell more than 5% in premarket trading

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The Detroit automaker originally announced it wanted to make a Rivian-powered EV in 2019 when it&nbsp;made its first investment of $500 million into the startup. Ford and Rivian already canceled a vehicle they planned to make for the Lincoln luxury brand in 2020.</p>\n<p>One reason Farley gave for canceling the EV collaboration was the complexity of combining Rivian’s electric architecture with Ford’s own software.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158846398","content_text":"Rivian shares fell more than 5% in premarket trading.Ford no longer plans to make an electric vehicle with EV startup Rivian, CEO Jim Farley tells Automotive News. 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