Ford offloads more Rivian shares for $188 million
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 […]
Rivian recalls 502 R1Ts due to defective child or child seat detection system
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 […]
New Rivian order process will leave buyers unable to lock in a price
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 […]
Rivian Q1 2022 earnings report misses estimates on 1,227 deliveries
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 sells 8 million Rivian shares for $214 million
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 […]
Ford expected to sell part of Rivian stake as IPO Lockup ends on Monday
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 […]
Georgia reveals $1.5 billion incentive package that lured Rivian to build $5 billion assembly plant
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 Q1 2022 earnings would have been much better were it not for their investment in Rivian
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 […]
Rivian starts recruitment effort for first Canadian Service Center in Vancouver
Rivian has yet to deliver a vehicle in Canada, but the automaker is laying the groundwork to build out its service network north of the border starting in British Columbia. According to company spokesperson Laura […]
Rivian to add Sand Mode, Pet Mode, and Dashcam through OTA software update
Rivian owners will soon be getting a bundle of new features through a free over-the-air (OTA) software update. The most interesting addition is Sand Mode, which CEO RJ Scaringe teased with a short video posted […]
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