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 […]
Rivian CEO thinks suppliers are holding back parts
In a fascinating interview with the New York Post, Rivian CEO R.J. Scaringe did not hold back on the issues that Rivian is facing. The company is facing significant issues in sourcing semiconductor chips, and […]
Rivian CEO remains confident that it can produce 25,000 vehicles in 2022
Rivian CEO Robert Scaringe believes that the company can produce 25,000 vehicles in 2022. This 25,000 number includes the R1T, Amazon delivery vans and the R1S. The new numbers come as Rivian faces increasing supplier […]
Rivian’s hires first Chief Sustainability Officer Anisa Kamadoli
Rivian is taking another step on their path to achieving sustainability, announcing today the appointment of the automaker’s first Chief Sustainability Officer Effective April 18, 2022, Anisa Kamadoli will be responsible for the company’s sustainability […]
Rivian sets date for Q1 2022 earnings call: May 11, 2022
Rivian announced today it will release its 2022 first quarter financial results after market close on May 11, 2022. The automaker will host an audio webcast to discuss the results and answer questions at 2:00pm […]
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