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Investment

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.

Toyota Increases Investment in U.S. Operations

Toyota Motor Corp. will increase its planned investment in its U.S. operations to $13 billion from $10 billion by 2021 to build more of its models and parts at its U.S. facilities, the company announced.

Private Equity Fuels Agilis Telematics Expansion

Agilis Systems will expand its offering of fleet management technology following a "significant investment" from private equity firm Spectrum Equity, the Chesterfield, Missouri-based telematics provider announced. The amount of the investment wasn't disclosed.

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.

GM Invests in Transmission, SUV Plants

General Motors has invested $20 million two Michigan assembly plants to increase capacity to produce its 10-speed automatic transmission and crossovers such as the Chevrolet Traverse, the company has announced.