The company, which recently came out of stealth mode, has raised $1.7 billion from Amazon, Ford Motor and others without selling a single pickup truck and sport utility vehicle. Source: NYT > Business – Nelson D. Schwartz
Ford to Invest $500 Million in Rivian, a Tesla Rival
Rivian is developing a pickup and an S.U.V. on a chassis that Ford plans to use for models of its own. Two months ago, Amazon led a $700 million investment. Source: NYT > Business – NEAL E. BOUDETTE