Connect with us

Hi, what are you looking for?

Tech

How Ford Won the Race for Rivian

How Ford Won the Race for Rivian

When hot electric-truck startup Rivian Automotive Inc. goes public next week seeking a valuation of roughly $70 billion, one of the biggest winners is likely to be a 118-year-old Detroit giant. Ford Motor Co. could make a windfall of more than $7 billion from the deal, as an investor with a 12% stake.

But it wasn’t supposed to happen this way. More than two years ago, Ford’s biggest rival, General Motors Co., was poised to make the critical investment in Rivian.

You May Also Like

News

A member of Pakistan’s parliament, Sania Ashiq Jabeen was born in Lahore and raised there. She studied at the National College for Drug Administration...

Lifestyle

SINGAPORE – For four decades, Japanese singer and actress Seiko Matsuda has built a following across Asia through a non-stop output of albums, television...

Politics

Almost every April since 1972, the Hash Bash has been held on the Diag of the University of Michigan campus, a free speech event...

News

Grief and joy coexist during Dia de Los Muertos, but Flo Hernandez-Ramos chooses to focus on the celebration every Nov. 2. DENVER — The...