{"id":8001,"date":"2020-04-29T10:37:00","date_gmt":"2020-04-29T10:37:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/2020\/04\/29\/ford-and-lincoln-cancel-rivian-powered-electric-vehicle-due-to-the-pandemic\/"},"modified":"2020-04-29T10:37:00","modified_gmt":"2020-04-29T10:37:00","slug":"ford-and-lincoln-cancel-rivian-powered-electric-vehicle-due-to-the-pandemic","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/29\/ford-and-lincoln-cancel-rivian-powered-electric-vehicle-due-to-the-pandemic\/","title":{"rendered":"Ford and Lincoln cancel Rivian-powered electric vehicle due to the pandemic"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><img loading=\"lazy\" decoding=\"async\" id=\"image1\" src=\"https:\/\/cdn.vox-cdn.com\/thumbor\/IcAxglAbIEcHvZlKyIPJ0G15aRY=\/0x0:2040x1360\/1310x873\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/66722185\/akrales_190418_3382_0149.0.jpg\" width=\"470\" height=\"313\" data-pre-sourced=\"yes\" data-sourced=\"yes\" data-original=\"https:\/\/cdn.vox-cdn.com\/thumbor\/IcAxglAbIEcHvZlKyIPJ0G15aRY=\/0x0:2040x1360\/1310x873\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/66722185\/akrales_190418_3382_0149.0.jpg\" data-src=\"https:\/\/cdn.vox-cdn.com\/thumbor\/IcAxglAbIEcHvZlKyIPJ0G15aRY=\/0x0:2040x1360\/1310x873\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/66722185\/akrales_190418_3382_0149.0.jpg\" \/><\/span><small>Photo by Amelia Holowaty Krales \/ The Verge<\/small><\/p>\n<p>Ford and its luxury brand Lincoln have canceled an all-electric SUV that was going to be powered by technology provided by EV startup Rivian, the companies told&nbsp;<em>Automotive News<\/em>&nbsp;on Tuesday.<\/p>\n<p>Lincoln says it is still working closely with Rivian, including an &ldquo;alternative vehicle&rdquo; that will also be based on Rivian&rsquo;s electric vehicle skateboard platform.<\/p>\n<p>&ldquo;Given the current environment, Lincoln and Rivian have decided not to pursue the development of a fully electric vehicle based on Rivian&rsquo;s skateboard platform. Our strategic commitment to Lincoln, Rivian and electrification remains unchanged and Lincoln&rsquo;s future plans will include an all-electric vehicle,&rdquo; a spokesperson from Lincoln told&nbsp;<em>The Verge<\/em>&nbsp;in a statement.<\/p>\n<div>\n<aside><q>Ford has put more than $500 million into Rivian<\/q><\/aside>\n<\/div>\n<p>Lincoln declined to say what specifically about the pandemic led to the cancellation. &ldquo;This was a decision that was mutually made by Lincoln and Rivian given the rapidly changing environment and after a review of product plans,&rdquo; the spokesperson said. &ldquo;As we moved through the development cycle, we determined that it would be better to pivot from the Rivian&rsquo;s skateboard platform and focus our development efforts on Lincoln&rsquo;s own fully-electric vehicle.&rdquo;<\/p>\n<p>Amy Mast, Rivian&rsquo;s public relations director, said &ldquo;Ford and Lincoln continue to be great partners.&rdquo; Rivian recently announced that it&rsquo;s pushing back the release of its first two vehicles &mdash; an all-electric pickup truck and SUV &mdash; to&nbsp;early 2021 because of the pandemic.<\/p>\n<p>Ford announced&nbsp;a $500 million investment in Rivian last year, just two months after Amazon led&nbsp;a $700 million investment&nbsp;in the Michigan-based startup. As part of Ford&rsquo;s investment, it announced that it would develop an electric vehicle that used Rivian&rsquo;s battery pack and electric motor setup. It was reported at the time that the vehicle would be part of the Lincoln stable, something&nbsp;the luxury brand confirmed this past January. Ford also participated in a $1.3 billion fundraising round for Rivian&nbsp;that closed in December.<\/p>\n<p>Founded in 2009, Rivian originally set out to build an all-electric sports car much like Tesla&rsquo;s Roadster. But it eventually pivoted to an electric pickup truck and SUV. The company&nbsp;operated in stealth mode for nearly a decade&nbsp;until it unveiled those two vehicles&nbsp;at the 2018 LA Auto Show. It has since hired over 2,000 people and&nbsp;has opened offices all over North America.<\/p>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"https:\/\/www.theverge.com\/2020\/4\/28\/21240212\/ford-lincoln-cancel-rivian-suv-ev-coronavirus-pandemic-investment\" target=\"_blank\">https:\/\/www.theverge.com\/2020\/4\/28\/21240212\/ford-lincoln-cancel-rivian-suv-ev-coronavirus-pandemic-investment<\/a><br \/><b>Contact Information:<\/b><br \/>Sean O&#039;Kane<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/artificial-intelligence-newswire\/\" rel=\"category tag\">Artificial Intelligence Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Sean O&#8217;Kane<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Photo by Amelia Holowaty Krales \/ The Verge Ford and its luxury brand Lincoln have canceled an all-electric SUV that was going to be powered by technology provided by EV startup Rivian, the companies told&nbsp;Automotive News&nbsp;on Tuesday. Lincoln says it is still working closely with Rivian, including an &ldquo;alternative vehicle&rdquo; that will also be based &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/04\/29\/ford-and-lincoln-cancel-rivian-powered-electric-vehicle-due-to-the-pandemic\/\">Continue reading <span>Ford and Lincoln cancel Rivian-powered electric vehicle due to the pandemic<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/04\/29\/ford-and-lincoln-cancel-rivian-powered-electric-vehicle-due-to-the-pandemic\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,3,22,54],"tags":[],"class_list":["post-8001","post","type-post","status-publish","format-standard","hentry","category-artificial-intelligence-newswire","category-english","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ford and Lincoln cancel Rivian-powered electric vehicle due to the pandemic - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/04\/29\/ford-and-lincoln-cancel-rivian-powered-electric-vehicle-due-to-the-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ford and Lincoln cancel Rivian-powered electric vehicle due to the pandemic - Business\" \/>\n<meta property=\"og:description\" content=\"Photo by Amelia Holowaty Krales \/ The Verge Ford and its luxury brand Lincoln have canceled an all-electric SUV that was going to be powered by technology provided by EV startup Rivian, the companies told&nbsp;Automotive News&nbsp;on Tuesday. Lincoln says it is still working closely with Rivian, including an &ldquo;alternative vehicle&rdquo; that will also be based &hellip; Continue reading Ford and Lincoln cancel Rivian-powered electric vehicle due to the pandemic Continue Reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ipsnews.net\/business\/2020\/04\/29\/ford-and-lincoln-cancel-rivian-powered-electric-vehicle-due-to-the-pandemic\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-29T10:37:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.vox-cdn.com\/thumbor\/IcAxglAbIEcHvZlKyIPJ0G15aRY=\/0x0:2040x1360\/1310x873\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/66722185\/akrales_190418_3382_0149.0.jpg\" \/>\n<meta name=\"author\" content=\"Asiya\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Asiya\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/04\/29\/ford-and-lincoln-cancel-rivian-powered-electric-vehicle-due-to-the-pandemic\/\",\"url\":\"http:\/\/ipsnews.net\/business\/2020\/04\/29\/ford-and-lincoln-cancel-rivian-powered-electric-vehicle-due-to-the-pandemic\/\",\"name\":\"Ford and Lincoln cancel Rivian-powered electric vehicle due to the pandemic - 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