Ford and Rivian cancel plan to jointly develop an EV

Ford and Rivian have abandoned a plan they had to jointly develop an EV together. In an interview with Automotive News , Ford CEO Jim Farley said the automaker will go it alone as it aims to produce 600,000 vehicles per year by the end of 2023. When the company invested $500 million in Rivian in 2019, the two said they would work together to produce a Ford-branded EV featuring the startup's "skateboard" powertrain. In early 2020, the two, citing the pandemic, canceled a Lincoln-branded EV . At t...