Ford and Rivian Automotive are no longer planning to work together on electric vehicles. Both companies earlier in the year announced a plan to collaborate on the development of all-electric, and autonomous, vehicles as part of a pilot program with 100 new Ford vehicles arriving in select US cities over the next two years. However, Ford said this week that it will continue to work independently on electric vehicles and self-driving vehicles, while Rivian said it has chosen to focus on its own self-driving and electric vehicles for now.
Mike Jackson, CEO of Ally Financial, today used Twitter to speculate that Ford could enter into discussions with Hertz over buying a minority stake in Hertz.
Ford said in February that it was creating a Blue Oval division that would bring together all things Ford. This division was rumored to include vehicle parts and engineering services; however, that division does not include aerodynamics, batteries, or customer warranty services.
Late in April, Ford Motor Company announced that it would buy 2.5% of Aptiv plc, a provider of autonomous and electrified vehicle technologies, in order to enter into talks with Aptiv, a major supplier to Ford.
Responding to Mr. Jackson’s tweet, Detroit-based Hertz said that it “doesn’t comment on speculation.”
Update (7:47am eastern): Ford said in a statement that it has begun working on its own electrification and autonomous vehicle projects.