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November 7, 2021 04:03 pm

Go read this report about how GMs deal with Rivian fell apart





Photo by Mitchell Clark / The Verge



A little over two years ago when Rivian’s were still just blueprints, American carmakers Ford and GM were itching to invest. Fast-forward to the present, and Ford wound up becoming . What most people may not realize, however, is that Ford nearly lost its spot to GM.


This describes some of the clandestine dealings in cinematic detail, and explores how Rivian CEO RJ Scaringe’s bond with Joe Hinrichs, Ford’s former president of global operations, became the foundation of Ford’s investment in the company.


According to the WSJ, Hinrichs first met with Scaringe in 2018. But because Ford had just missed its earnings targets, it wasn’t ready to...







Original Link: https://www.theverge.com/2021/11/7/22768373/go-read-this-gm-deal-ford-rivian-fell-apart

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