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Homerivian

rivian

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News

RJ Scaringe buys 41,000 Rivian (RIVN) shares after Ford dumps millions

May 17, 2022 Darryn John 0

Rivian founder and CEO RJ Scaringe is increasing his stake in his company just days after Ford cut its stake by selling millions of shares in the fledgling automaker. According to a regulatory filing published […]

rivian service van
News

Rivian’s electric delivery van production could slow down due to supplier dispute

May 16, 2022 Scott Nordlund 0

Rivian‘s electric delivery van production could slow down due to an ongoing legal battle with one of their suppliers. In March, Rivian sued Commercial Vehicle Group, accusing the company of violating their supply contracts. The […]

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News

Ford offloads more Rivian shares for $188 million

May 14, 2022 Darryn John 0

Ford has sold more of its shares in Rivian, the second time it has done so this week after the automaker’s IPO lockup period ended on Monday. In a regulatory filing on Friday, Ford disclosed […]

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News

Rivian recalls 502 R1Ts due to defective child or child seat detection system

May 12, 2022 Darryn John 0

Rivian is recalling over 500 R1T electric pick up trucks due to a defective safety feature that might injure children in a crash. According to the recall document posted to the National Highway Traffic Safety […]

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News

New Rivian order process will leave buyers unable to lock in a price

May 11, 2022 Darryn John 0

Rivian published their Q1 2022 earnings report this afternoon, and within it announced a new order process that will leave new reservation holders vulnerable to future price changes. According to Rivian, the new reservation system […]

News

Rivian Q1 2022 earnings report misses estimates on 1,227 deliveries

May 11, 2022 Darryn John 0

Rivian has published their Q1 2022 earnings report after markets closed on Wednesday, missing Wall Street estimates and posting a net loss of $1.6 billion. According to the report, Rivian recorded $95 million in revenue […]

Ford and Rivian
News

Ford sells 8 million Rivian shares for $214 million

May 11, 2022 Darryn John 0

Ford Motor Co. confirmed in a Form 4 filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday that it has sold 8 million of its shares in Rivian (RIVN). Each share was sold for […]

Rivian factory
News

Ford expected to sell part of Rivian stake as IPO Lockup ends on Monday

May 8, 2022 Scott Nordlund 0

Rivian has had a bit of a tough stretch. However, yet another big news day is coming on Monday. The automaker’s initial public offering (IPO) lockup ends on Monday May 9, allowing early investors to […]

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News

Georgia reveals $1.5 billion incentive package that lured Rivian to build $5 billion assembly plant

May 2, 2022 Darryn John 0

Rivian is planning to build their second manufacturing facility in Georgia, and on Monday state officials revealed details of the lucrative incentive package provided to the electric automaker. According to Georgia’s Department of Economic Development, […]

ford rivian
News

Ford Q1 2022 earnings would have been much better were it not for their investment in Rivian

April 28, 2022 Darryn John 0

Ford Motor Co. published their Q1 2022 earnings report yesterday, posting a net loss of $3.1 billion. One of the major reasons for the red figure was due to their investment in Rivian. Ford currently […]

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