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With this announcement, Rivian also announced that it is buying

May 8, 2018 by James Ashley

With this announcement, Rivian also announced that it is buying a stake in a small, privately held company called S&P Capital Partners, acquired for $35 million in 2011. The deal gives the company some control over its electric truck fleet, and makes it a much larger and more attractive vehicle option if there's a need for them in the future.

S&P Capital Partners is a publicly traded investment firm that is a participant in the S&P Capital Group and has partnerships with leading electric vehicle companies like Tesla and Panasonic.

The S&P Capital Group is an investment company, not a vehicle company. So, it's not something you can just buy and sell. You have to own the vehicle and you have to own it and you have to buy and sell it and make a profit. You're not going to buy your own car and you're not going to buy a vehicle that you don't own.

Amazon is clearly thinking about its own future. In a statement on Friday announcing the deal, Amazon said that the company was "extremely excited about the potential of partnering with S&P Capital Partners to further our EV and smart home initiatives."

While the company's announcement comes after a number of big announcement announcements, the S&P Capital Group is one of the few companies to go big and buy its stake in a small unit, rather than investing in a fully-truck company. That makes it more of a vehicle company than a vehicle company.The video will start in 8 Cancel

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