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Ford owns about 12 percent of the EV producer, or just under 102 million shares after taking a stake prior to Rivian going public last year.

Automakers and their dealers, besieged by production constraints in the face of strong consumer demand, are now threatened by high prices keeping shoppers away from showrooms.

One in five Lightnings rolling off the line in Dearborn, Mich., are the entry-level Pro trim meant for commercial buyers.

NADA is urging dealerships to adopt the 2019 Model Dealership Voluntary Protection Products Policy as a precaution against a possible increase in federal regulatory scrutiny of F&I product margins.

Another 75,300 vehicles were eliminated from schedules because of the semiconductor shortage, mostly at North American factories.