Automobile manufacturer Ford Motor Company recently said that it is extending its ‘work-from-home’ arrangement for its salaried employees based in the United States for the rest of the year. The decision by the Ford management is taken after multiple requests by employees to keep working remotely amid the ongoing coronavirus pandemic. In an official statement,…
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Rivian raises $1.3 billion in funding led by T. Rowe Price
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•Rivian, an American automaker, and automotive technology company has closed an investment round of $1.3 billion. The financing was led by funds and accounts advised by T. Rowe Price Associates Inc., Amazon, Ford Motor Company and funds managed by BlackRock also participated in the round. The company was founded by Robert “RJ” Scaringe in 2009.…