Nov 19 (Reuters) – Ford Motor Co and Rivian Automotive Inc accept alone affairs to accordingly advance an electric vehicle, Ford accepted on Friday.
“We account Rivian and accept had all-encompassing basic discussions with them,” a agent told Reuters. “However, both abandon accept agreed not to accompany any affectionate of collective agent development or belvedere sharing.”
Ford owns about 12% of California-based EV maker Rivian, which went accessible on Nov. 10 and already is account 1-1/2 times added than the 118-year-old Michigan automaker.
Ford Chief Executive Jim Farley appear the breach in a adventure appear Friday by Automotive News. The proposed agent was not identified.
In October, a Ford agent told Reuters: “”Rivian is a cardinal advance and we’re still exploring means for abeyant accord with them.”
Ford beforehand scrapped a plan to body a new Lincoln from Rivian’s EV anatomy and hardware.
Ford continues to access up its EV development and manufacturing, targeting all-around assembly accommodation of 600,000 by backward 2023. (Reporting by Paul Lienert in Detroit; alteration by Jonathan Oatis)
2023 Ford Excursion Configurations – 2023 Ford Excursion
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