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Ford Invests $500M in Rivian to Seed New EV

Ford Motor Co. is investing $500 million in Rivian and will use its "skateboard" platform for a new battery-electric vehicle to bring expanded electrification to its lineup.

Daimler, BMW Partner on Mobility Venture

The cooperation comprises five joint ventures: Reach Now for multimodal services, Charge Now for charging, Free Now for taxi ride-hailing, Park Now for parking, and Share Now for carsharing.