Consequence for Elon Musk? Biden administration provisionally agrees $6.6 billion loan to Rivian, so it can construct EV factory in Georgia
TECHNOLOGY POWERING BUSINESS
News rivian
VW, Rivian Launch Joint Venture, As Investment Rises To $5.8 Billion
Volkswagen and Rivian officially launch their joint venture, as German car giant ups investment to $5.8 billion, depending on certain milestones
Troubled EV Maker Rivian Lays Out Path To Profitability
At first-ever investor day EV maker Rivian lays out profitability plans after $5bn deal with VW offers it financial lifeline
Rivian To Gain Up To $5 Billion Investment From Volkswagen
Crucial intervention? Volkswagen to form joint venture with Rivian to share electric vehicle software and architecture
Apple Engineering Veteran Departs For EV Maker Rivian
Apple engineering veteran DJ Novotney leaves Apple for Rivian amidst string of senior executive departures
Amazon Posts Annual Loss Amid Restructuring
Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses
Rivian To Axe 6 Percent Of Jobs Amid EV Price War
Another tranche of job losses for Rivian Automotive, after it says it is laying off 6 percent of its workforce
Rivian Recalls Nearly All Vehicles Over Safety Issue
Electric start-up Rivian recalls 13,000 vehicles over fastener that could come loose, as it struggles with parts shortages and production problems
Vietnam’s VinFast Ramps Staff Ahead Of US Electric Vehicle Launch
Vietnam's VinFast, part of conglomerate Vingroup, to more than double Vietnam headcount as it prepares to ship first electric SUVs to US by year-end
Amazon Posts Second Straight Loss After Rivian Stake Writedown
Another tech bellweather financial results show Amazon posting a second quarterly loss in a row, after a hefty reassessment of the value of its stake in Rivian
Rivian Confirms It Will Cut 6 Percent Of Staff
Axe is to fall on 600 jobs at the electric truck maker Rivian, as it restructures to “optimise costs” in worsening economy
Amazon Begins Deliveries With Rivian Electric Vans
Customers in US will start to see Amazon deliver thier packages using its custom electric delivery vehicles from startup Rivian
Rivian To Brief Staff About Restructuring, Potential Layoffs
More bad news for jobs? Staff at Rivian are to be briefed this week about restructuring and potential layoffs at the electric truck maker
E-Recycler Attero Plans $1bn Expansion Into Electric Vehicles
India's biggest electronics recycling company Attero Recycling to spend $1bn as it looks to massively ramp up recycling spent electric vehicle batteries
Rivian Eyes Profitability Amidst Market Pressure
Rivian says it has enough cash on hand to achieve profitability, as it faces pressure from shareholders and customers over delays, shortages, rising costs
Rivian Sued By Shareholder, Alleging Misleading IPO Data
Shareholder alleges Rivian misled investors about pricing of SUV models - prices for which were increased, then quickly rolled back after customer backlash
Amazon Partners With Stellantis For Vans, Rivian Stock Plunges
Bad news for Rivian? Amazon and car giant Stellantis sign partnership deal that will see Amazon utilise Stellantis electric vans
Rivian Delays Long Range SUVs, Pickups To 2023
Rivian has reportedly warned customers it will delay deliveries of its electric pickup and SUV models featuring big battery packs
Rivian Shares Hit Record Low On 2021 Production Cuts
Rivian shares slump to record low following November IPO after it cuts production target for 2021 and highlights supply-chain challenges
Ford And Rivian Cancel Joint EV Development
Ford and Rivian call off plans for joint development of Ford-branded electric vehicle, as battery life of Rivian's Amazon delivery vans called into question
Amazon-Backed Rivian Enjoys Successful Nasdaq IPO
Amazon-backed electric car start-up Rivian enjoys biggest public listing in the United States since Facebook back in 2012
Amazon-Backed Electric Car Maker Rivian Files For IPO
Amazon-backed electric car start-up Rivian files for IPO, weeks ahead of delayed plans to deliver first pick-up trucks to customers
Amazon-Backed Rivian Raises Another $2.5bn From Investors
Electric vehicle start-up raises another $2.5bn from existing investors such as Amazon, as it looks to deliver first vehicles this year
Amazon-Backed Rivian Delays First Electric Vehicles
Start-up Rivian, backed by Amazon and Ford, delays first deliveries of R1T pickup truck and R1S SUV as pandemic disruption affects semiconductor supplies