Rivian slashes costs to drive toward profitability
Rivian, the luxury electric vehicle (EV) brand, is making significant strides in reducing production costs as it aims to turn its first profit. CEO and founder RJ Scaringe highlighted that...
TSLA379.7801.73%
GM88.690-0.96%
F12.271-0.0987%
RIVN13.700-0.31%
CYD20.620-0.04%
HMC34.880-0.96%
TM214.780-3.73001%
CVNA73.020-3.235%
PAG213.4400.65%
LAD305.820-4.98%
AN184.140-1.92%
GPI264.180-4.28%
ABG206.380-3.84%
SAH62.220-0.93%
TSLA379.7801.73%
GM88.690-0.96%
F12.271-0.0987%
RIVN13.700-0.31%
CYD20.620-0.04%
HMC34.880-0.96%
TM214.780-3.73001%
CVNA73.020-3.235%
PAG213.4400.65%
LAD305.820-4.98%
AN184.140-1.92%
GPI264.180-4.28%
ABG206.380-3.84%
SAH62.220-0.93%
TSLA379.7801.73%
GM88.690-0.96%
F12.271-0.0987%
RIVN13.700-0.31%
CYD20.620-0.04%
HMC34.880-0.96%
TM214.780-3.73001%
CVNA73.020-3.235%
PAG213.4400.65%
LAD305.820-4.98%
AN184.140-1.92%
GPI264.180-4.28%
ABG206.380-3.84%
SAH62.220-0.93%
Rivian
Rivian redesigns R1 models to enhance range, performance, and computing power
Rivian has unveiled redesigned versions of its all-electric R1 pickup and SUV models, the R1T and R1S, featuring improved range, performance, and computing power with the integration of Nvidia chips.Â
The...
Rivian announces additional layoffs in California amid EV market challenges
Rivian Automotive, once celebrated in the electric vehicle (EV) market, has revealed plans for further layoffs in California, signaling ongoing challenges in the industry.
The company's vice president of people,...
Rivian exceeds Q1 2024 expectations despite plant closure and cost-cutting measures
On May 7, EV startup Rivian announced its first quarter 2024 results, which exceeded analyst expectations regarding revenue growth year-over-year. The automaker reported that it sold 5.1% of U.S. EVs...
Rivian gets millions in state incentives for Illinois factory expansion
Rivian Automotive announced this week that it has secured an $827 million incentive package from Illinois, intended to fund an expansion at its Normal facility.Â
This boost comes at a critical juncture...
Rivian offers ‘Electric Upgrade’ discounts of up to $5k with combustion trade-ins
Electric vehicle start-up Rivian is offering an "Electric Upgrade" promotion to new customers who trade in specific combustion models in honor of Earth Day.Â
Eligible customers can receive discounts ranging from...
Rivian announces second round of layoffs to boost profitability
Rivian, the EV startup, is taking drastic measures to boost its profitability. The company is implementing a second round of layoffs this year, which, although it only accounts for a...
High stakes as new EV makers burn cash and seek lifelines
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting...
Automotive weekly roundup: Falling new vehicle prices, rising negative equity, Chevy Blazer EV is back
Earlier this week: New car prices took another dip, nudging closer to their pre-pandemic norms, especially for electric vehicles, which saw the sharpest declines. At the same time, the used...
Rivian pauses Georgia plant to focus on 3 new electric SUVs
Electric vehicle startup Rivian unveiled not one, not two, but three new battery-powered SUVs during a presentation hosted by founder and CEO RJ Scaringe on Thursday.
Although details about one of...
Latest Articles
Add us as a preferred source on Google