Ford no longer plans to make an electric vehicle with EV startup Rivian, CEO Jim Farley tells Automotive News. The Detroit automaker originally announced it wanted to make a Rivian-powered EV in 2019 when it made its first investment of $500 million into the startup. Ford and Rivian already canceled a vehicle they planned to make for the Lincoln luxury brand in 2020.

One reason Farley gave for canceling the EV collaboration was the complexity of combining Rivian’s electric architecture with Ford’s own software.

“When you compare today with when we originally made that investment, so much has changed: about our ability, about the brand’s direction in both cases, and now it’s more certain to us what we have to do,” Farley said. “We want to invest in Rivian — we love their future as a company — but at this point, we’re going to develop our own vehicles.”

Was this a good move for BOTH companies? And who comes out better? Ford or Rivian?

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ANALYZE: Ford No Longer Intends To Make An Electric Vehicle With EV Startup Rivian WHO Wins? WHO Loses?

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