Rivian Based Lincoln EV CancelledFord losing their shirts with everything going on is the most likely reason. It makes no sense to put $$$ into a product that would be lucky to sell 2-5K units a year, with the expected price point it had. It was low lying fruit to save money short term.
It would be a Flagship/vanity project for Lincoln.
Once we get back to "normal" I would expect something to come out of the JV they have with them. I don't think Rivian is in bad shape at all...they've been more or less the polar opposite of Tesla and have strong backers. They just need to get product out the gate.Thu, 30 Apr 2020 16:36:55 +0000
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