Ford | WGLT

Ford

Lincoln Motor Company logo is shown at the North American International Auto Show in Detroi
Paul Sancya / AP

UPDATED 5:50 p.m. | The Lincoln Motor Co. said Tuesday it will not proceed with development of a new electric vehicle based on Rivian's skateboard platform, citing "the current environment."

Blue Rivian pickup
Megan McGowan / WGLT

Rivian on Monday announced its fourth major investment of 2019—this time $1.3 billion led by funds and accounts advised by T. Rowe Price.

Bill Ford and RJ Scaringe
Ford Motor Co.

Ford plans to invest $500 million in Rivian and use the electric vehicle startup’s skateboard platform to build a new battery-powered vehicle, the companies announced Wednesday.