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Rivian has closed an investment round of $1.3 billion, the fourth investment the battery-electric truck and SUV startup will receive in 2019.
Ford Motor Co. will invest more than $1.45 billion at its Michigan plants to support its next-generation Ranger midsize pickup, 2020 Bronco SUV, electrified F-150s, and other upcoming vehicles.
Geotab will begin providing funding to early-stage companies with smart cities and transportation solutions under its Torque Labs accelerator program launched in late September.
Battery-electric truck and SUV startup Rivian has added a third, large investor this year with a $350 million stake from Cox Automotive, the company announced today.
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 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.
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.
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.
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.
French multinational energy services provider Schneider Electric plans to offer fleet management services for companies and agencies considering adding electrified vehicles to their fleet with funding from its new fund, Schneider Electric Ventures.