Cox Automotive invests $350M in Rivian’s ‘electrified future’

The automotive arm of Cox Enterprises is joining Ford and Amazon in its financial backing of Michigan-based electric automaker Rivian. “Cox Automotive’s global footprint, service and logistics capabilities, and retail technology platform make them a great partner for us,” said RJ Scaringe, Rivian’s founder and CEO, in a news release. Sandy Schwartz, president of Cox Automotive, said Rivian’s “unique approach to building an electrified future” complements the company’s own commitment to environmental change.

source https://finance.yahoo.com/m/69ce1354-2267-39c8-bc4e-bb9e6ec8ba52/cox-automotive-invests-%24350m.html?.tsrc=rss

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