Amazon Discloses 20 Percent Stake in EV Maker Rivian

Amazon Discloses 20 Percent Stake in EV Maker Rivian
A woman with smartphone is seen in front of a displayed Amazon logo in this illustration taken on July 30, 2021. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

Amazon.com Inc., an early backer of Rivian Automotive, now owns about a fifth of the electric-truck maker, the e-commerce giant disclosed in a quarterly filing on Friday.

Ford Motor Co., which has a strategic relationship with Rivian, removed a representative from the startup’s board earlier this month.