Rivian introduces Soft Sand Mode
Rivian has announced a new feature for their vehicles, Soft Sand Mode. The new mode will allow Rivian vehicles to optimize their traction and stability control in deep sand. Here is exactly what it does […]
Rivian loses another executive, announces split of retail and commercial businesses
Rivian has lost another top executive, announcing on Friday that Charly Mwangi, executive vice president of manufacturing engineering, is leaving the company. The reason for his departure was not revealed, or if he has accepted […]
RJ Scaringe buys 41,000 Rivian (RIVN) shares after Ford dumps millions
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’s electric delivery van production could slow down due to supplier dispute
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 […]
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 […]
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