Ford earned $17.9 billion in 2021, bolstered by a large gain on its Rivian stake.
Ford ended the year with more revenue than General Motors for the second year in a row.
Ford earned $17.9 billion in 2021, bolstered by a large gain on its Rivian stake.
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Ford and Rivian no longer plan to work jointly on electric vehicles.
Ford remains an investor, but its own E.V. development plans have progressed since the partnership was announced.
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Rivian, the electric-truck maker, soars in early trading after its I.P.O.
The company, backed by Amazon and Ford, was valued at nearly $70 billion in its initial public offering, though it has delivered only 156 vehicles.
Rivian prices its I.P.O., valuing the electric-vehicle maker at nearly $70 billion.
The company, backed by Amazon and Ford, has delivered only 156 trucks so far, but its market worth approaches that of Ford.
Rivian edges closer to an I.P.O., seeking a valuation above $50 billion.
The company updated registration documents with the Securities and Exchange Commission on Monday.