AutoComplete: Ford invests $500M in EV maker Rivian
Here's what's making news on Roadshow.
In a move that's surprising just about everyone, Ford has announced plans to invest half a billion dollars into electric truck and SUV start-up, Rivian.
This is an exciting move for both companies because it could give Ford a A leg up in the electric truck segment.
Plus it gives Rivian a lot of help from an experienced auto manufacturer that is really good at little things like supply/chain management.
Ford will get EV base on a Rivian chassis, but it still plans to make its own electric F-150 and a Mustang crossover EV in the new future.
That's especially true now that Tesla has announced a big hardware revision for both models.
In addition to a new, permanent, magnet motor up front, Models S and X get a new induction motor in the rear, plus lots of other small changes that add up to increases in power, torque, and most importantly, range.
The Model S 100D will now do an industry leading 370 miles, on a single charge.
While model x100 D's will do 325 miles.
Hyundai has been hard at work cooking up some genuinely pleasant electric vehicles lately and there are more on their way.
But now it's going to go a step further by developing an app where drivers tailor performance characteristics of EV's to their liking.
The app which in theory would seem to work with both Hyundai and Kia vehicles will allow seven different parameters to be adjusted including max torque, brake region, accelerator response and even how much power the car uses to run its class.
Hyundai has no official plans for release of the app just yet.
But Fingers crossed.
Find more on these stories over at the road show.com we'll talk to you tomorrow.