Ford Motor Co. and Rivian Automotive Inc. have decided to go their separate ways rather than collaborate on future electric vehicles, backing away from an earlier strategic pact that led to a multibillion-dollar windfall for Ford.
Executives from both companies this week decided to scrap plans for a specific electric vehicle, a Ford spokesman said Friday. The auto makers mutually decided to focus on their own projects, scrapping plans to jointly develop a new model as had been envisioned under a partnership struck in early 2019, representatives from each company said.
