Micah Hicklin
:
It's been a while, but I think Ford was planning to utilize RIVN's platform for some of its vehicles. If that's still the case, I would think Ford would want to hold an equity stake to keep a solid partnership in place, although maybe not the whole stake.
ZenBunny5
Micah Hicklin
:
For those not aware, Ford has confirmed they are walking away from the RIVN platform. From the Nov. 19 news, "Both their EV development and ours have advanced to a significant degree" since the original deal was formed, giving each company more confidence to move ahead independently, the Ford rep tells the Wall Street Journal."
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Micah Hicklin : It's been a while, but I think Ford was planning to utilize RIVN's platform for some of its vehicles. If that's still the case, I would think Ford would want to hold an equity stake to keep a solid partnership in place, although maybe not the whole stake.
ZenBunny5 Micah Hicklin : For those not aware, Ford has confirmed they are walking away from the RIVN platform. From the Nov. 19 news, "Both their EV development and ours have advanced to a significant degree" since the original deal was formed, giving each company more confidence to move ahead independently, the Ford rep tells the Wall Street Journal."
Myrrh ZenBunny5 : thanks for sharing, just saw that too
Regret oneself : Yes, but I wouldn't call this a divorce. Ford now owns a big piece of a new brand with its own ideas and identity. A good strategy.
lululalabb Regret oneself : Have read that Ford is supplying Rivian with parts.