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Rivian’s stock price has fallen to around $24 per share, following a report from CNBC that Ford would be selling eight million of its shares in the company.Ford originally had an 11.4 percent stake in Rivian, equivalent to 102 million shares, and Ford would not comment on the matter.Rivian stock debuted at $78 per share last November, but has fallen by around 70 percent this year.When electric truck startup Rivian went public last November, its IPO was the biggest for an American company since Facebook debuted on the stock market in 2012, with an initial valuation northwards of $77 billion. Since then, Rivian’s stock price has fallen significantly, dropping by 72 percent this year. Now it has plummeted even further after a report from CNBC that Ford is selling eight million of its shares in Rivian.A stock lockup period—a length of time after an IPO when early investors and company insiders are prevented from selling their shares—expired on Sunday, and on Saturday CNBC reported that Ford would be shedding eight million Rivian shares. Ford previously owned around 102 million shares in the EV startup, or around 11.4 percent of the company, so it will still retain a sizable stake in Rivian. A Ford representative told Car and Driver that “We haven’t been and aren’t presently commenting on Rivian, including about CNBC’s report.”

The news caused Rivian shares to drop by more than 15 percent to around $24 per share, according to CNBC. Rivian’s stock had debuted at $78 per share in November of last year, and early on rose well above $100 per share. CNBC reports that JPMorgan Chase will also be selling between 13 and 15 million shares for an unknown seller. Rivian is expected to report its first quarter results on Wednesday.

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Toyota is finally launching a mass-market, battery-electric vehicle—the bZ4X—just as it is about to trigger a phase-out of federal EV tax credits.Toyota is reaching the 200,00-vehicle limit thanks to strong sales of its plug-in gasoline-electric hybrids, both the Prius Prime and the RAV4 Prime.If you’re interested in a RAV4 Prime or a bZ4X, you should still be able to get the full credit of $7500 until October of this year.Toyota has long made a big deal about the Prius name meaning “to go before.” When it comes to electric vehicles, though, Toyota is more accurately going third—at least in regards to it reaching the full limit federal tax credit on EVs and plug-in gasoline-electric hybrids (PHEV).

At the end of 2021, 183,000 EV and PHEV Toyotas qualified for the federal tax credit, with another 8421 cars added to the ledger at the end of the first quarter of 2022, according to Automotive News. At this rate, Toyota expects to run out of these full credits—which are limited to 200,000 for each automaker before starting a gradual deduction reduction throughout the course of a year—sometime before the summer. Once Toyota hits this mark, its newest EV and PHEV buyer will be able to nab a tax credit worth half the maximum sum for six months, followed by a tax credit worth a quarter of the original sum for another six months. After that, Toyota EV and PHEV consumers will have to purchase these vehicles sans a tax incentive from the federal government.”We’re planning for it, because Tesla’s out, and General Motors is out, and we’ll be out probably in the second quarter,” Toyota Motor North America’s executive vice president of sales, Bob Carter, told Automotive News. “When you’re out, you enter a step-down phase down, so we’re planning for that.”
On the one hand, reaching this milestone is a positive thing for Toyota. After all, this means the brand succeeded in selling 200,000 fully and partially electric vehicles. On the other hand, it’s a poor time for Toyota to be looking down the barrel of a tax credit phase-out. The brand is currently introducing its first dedicated battery-electric model across the United States (prior EVs that Toyota’s sold in the 21st-century have been limited to certain states), the bZ4X. As such, only a small batch of initial buyers will be able to take advantage of the full $7500 credit the vehicle qualifies for. Nissan, which is about to launch the Ariya electric SUV, is in a similar boat thanks to more than a decade of Leaf sales. Carter told Automotive News that Toyota is considering lowering the starting price of the EV in response to its federal EV tax credits expiration.
If Toyota indeed hits the 200,000 level in the second quarter (before July 1), then all sales through the end of October of this year will still qualify for the full credit. Come November, though, the credit will drop to $3750, then to $1875 on April 1, 2023, which means Toyota will potentially hit the federal EV tax credit ceiling by October 2023. Despite just formally entering the EV space, Toyota’s popular Prius and RAV4 PHEV models managed to cut into the brand’s threshold of 200,000 sales of electric and partially electric vehicles. As a result of these models’ smaller battery packs, the plug-in Prius of 2012–2015 qualified for a $2500 tax credit, while 2017 and newer Prius PHEVs nab a $4502 credit. The RAV4, meanwhile, takes home the full $7500 … for now, that is.
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Mechanical bits the Crawler shares with the Mercedes G-class include its powertrain, locking diffs, and front and rear axles.Brabus increases the displacement of the G63’s V-8 from 4.0 to 4.5 liters for Crawler duty.Output jumps from 577 horsepower to 888.Whether you’re a Russian oligarch dodging bullets, an African despot on a rhino hunting trip, or a Los Angeles-based movie star, you’ll soon need to find room in your budget to add the radical, Mercedes-AMG G63-inspired Brabus Crawler to your extensive collection of cars. This is assuming you’re able to claim ownership of one (or more) of the 15 Crawlers that Brabus intends to build.

While it’s technically not a G-Wagen, the Crawler relies on a few essential parts from the three-pointed star’s racy G63. Additionally, the Brabus-built dune buggy’s carbon-fiber body panels also crib styling cues from the boxy Mercedes. Notably, the Crawler uses the SUV’s twin-turbo V-8 for motivation—albeit bored and stroked to 4.5 liters and boosted to 888 horsepower (the G63’s 4.0-liter unit, meanwhile, makes do with just 577 horses)—as well as its nine-speed automatic transmission and solid rear and independent front portal axles, replete with front, center, and rear locking differentials from the G 4×42. Other G-class pieces on the Crawler include its round headlights, tiny taillights, steering wheel, and two 12.0-inch dashboard-mounted displays. The entire frame is a custom high-strength steel tube design that shares no dimensions with the actual G-class (look how narrow the front grille looks). The Crawler’s 21.0 inches of ground clearance takes the opposite approach of the slammed G63 900 Rocket, although this door-free SUV leashes itself to 99 mph.
The Crawler is also ill-equipped for overlanding. For that, you’ll want the roof rack and pickup bed of the Brabus 800 Adventure XLP. Additionally, the Crawler’s oversaturated red bucket seats are far too conspicuous for those in search of a Brabus-badged Mercedes with a more monochrome look (for that, there’s the 800 Black Ops Edition).All 15 of these tube-frame terror machines include four carbon helmets and synthetic upholstery from the company’s speedboat interiors. Where you take your Crawler is up to you, but Brabus asks you to inform its cartographers of your travel plans in advance. This way the dune buggy’s passenger-facing GPS unit will show the correct custom-made topography maps (a feature you won’t find in the G63’s MBUX infotainment system). At what price does one get to brag about owning a vehicle that looks and performs like the lovechild of a G63 and a UTV? About $800,000 at current exchange rates.
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