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Ford Motor Co

Ford to cut 1,400 US salaried jobs through buyouts by year end

Ford to cut 1,400 US salaried jobs through buyouts by year end

  • The layoffs will be achieved through voluntary buyouts, the US automaker said in an email sent to employees.
  • We're in a multiyear process of making Ford more fit and effective around the world," Ford's Americas President Kumar Galhotra said.
Published 02 Sep, 2020 07:40pm
Tesla rival Rivian adds $2.5bn investment led by T. Rowe Price
Business & Finance

Tesla rival Rivian adds $2.5bn investment led by T. Rowe Price

  • The deal comes on the heels of electric car maker Tesla's meteoric rise in valuation and the recent public offering of Nikola Corp. Both Tesla and Nikola are planning electric pickups to rival Rivian.
  • The new round takes total investment in Rivian to at least $6 billion, including a $1.3 billion round in December led by T. Rowe Price.
Published 10 Jul, 2020 07:09pm