Ford Motor puts $500 million into electric pickup producer Rivian

April 24, 2019 admin Business News Comments Off on Ford Motor puts $500 million into electric pickup producer Rivian

Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley’s Tesla Inc .

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Source:: Reuters – Business News