Cox Automotive Invests $350 Million Into Rivian, Partners On Sales & Service

Credit to Author: Kyle Field| Date: Wed, 11 Sep 2019 16:38:42 +0000

Rivian has brought another giant investor on board today with the announcement that Cox Automotive is injecting $350 million as an equity investment. The investment opens the doors for the two companies to work together in service operations, logistics, and digital retailing, according to the press release announcing the deal

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Ford Doubles Down On Powertrain Hybridization At The Frankfurt Auto Show

Credit to Author: Kyle Field| Date: Tue, 10 Sep 2019 19:15:47 +0000

At the Frankfurt Motor Show, Ford blasted onto the scene with a host of new vehicles for the European market that rolled in alongside new details about its plans for the electrification of its vehicle lineup. The announcement represents a significant step forward for Ford, but underwhelms with significant caveats that Ford expects more than 50% of Ford passenger vehicle sales to be “electrified” by the end of 2022. Right up front in the announcement, Ford excludes its cash cow and the least efficient vehicles in the Ford stable, its F-series trucks

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