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Rivian has closed an investment round of $1.3 billion, the fourth investment the battery-electric truck and SUV startup will receive in 2019.
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Ford Motor Co. will invest more than $1.45 billion at its Michigan plants to support its next-generation Ranger midsize pickup, 2020 Bronco SUV, electrified F-150s, and other upcoming vehicles.
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Battery-electric truck and SUV startup Rivian has added a third, large investor this year with a $350 million stake from Cox Automotive, the company announced today.
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Ford Motor Co. is investing $500 million in Rivian and will use its "skateboard" platform for a new battery-electric vehicle to bring expanded electrification to its lineup.
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General Motors has invested $20 million two Michigan assembly plants to increase capacity to produce its 10-speed automatic transmission and crossovers such as the Chevrolet Traverse, the company has announced.
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Amerit Fleet Solutions closed a minority investment from Element Fleet Management Corp., which will expand its maintenance services for customers of the fleet management company.
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Ford Motor Co. has established a new self-driving-vehicle business unit, and will invest $4 billion through 2023 to better organize and accelerate its efforts to commercialize autonomous vehicles, Ford has announced.
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Chinese auto manufacturer Geely Holding has purchased a $9 billion stake in Daimler AG, making it the largest investor in the German automaker, according to a report in Bloomberg.
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Ford will invest $11 billion in vehicle electrification, and plans to expand its current electrified vehicle portfolio to a total of 40 vehicles.
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The expansion is aimed toward increasing production of the Ranger Raptor pickup truck, which the Silverton plant manufactures alongside the Everest SUV.
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