Tag: Rivian

Rivian’s Head Of Manufacturing Leaving Amidst Management Shuffle, Production Issues

Rivian Automotive has decided to shake up its executive ranks. As part of the shuffle, the automaker’s head of manufacturing, Charly Mwangi, will depart. The automaker’s CEO, R.J. Scaringe, announced the departure and the management shakeup in an internal email that was seen by Bloomberg. “Charly Mwangi has made the decision that it’s time for […]

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Customers Are Growing Frustrated With Rivian’s Delivery Delays

Many customers who placed reservations for the all-electric Rivian R1T pickup are growing tired of lengthy delivery delays and have been left scratching their heads why some orders are taking priority over others. The electric vehicle startup recently changed the production sequence of its vehicles. As such, it is now prioritizing vehicles with special interior, […]

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Rivian In Contract Dispute With Seat Supplier, Prompting Drop In Share Price

Rivian has filed a lawsuit against auto parts manufacturer Commercial Vehicle Group due to an issue regarding the supply of seats. A lawsuit filed by Rivian in March against Commercial Vehicle Group states that the Ohio-based supplier had threatened to stop supplying seats for Rivian’s all-electric Amazon van if the car manufacturer did not pay […]

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Rivian’s Amazon Delivery Van Production Could Stall Due To Lawsuit With Seat Supplier

All-electric R1T pickup truck manufacturer Rivian has filed a new lawsuit against a major automotive seat manufacturer in Michigan. The company in question had entered into an agreement with Rivian to supply seats for its upcoming Amazon delivery van. Now, Rivian says that the parts supplier has nearly doubled its pricing and that production of […]

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Rivian To Build 25,000 EVs This Year, Has Secured 10,000 Reservations Since Price Hike

Rivian is looking to build 25,000 vehicles this year despite encountering the same supply chain disruptions as many other automakers. In a recent letter sent to shareholders regarding its first-quarter results, the car manufacturer noted that its top priority for 2022 is to ramp up production at its factory in Normal, Illinois. So far, it […]

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Electric Vehicle Registrations Surge In The U.S., Accounting For 4.6% Of The Market

Registrations of new battery-electric vehicles in the United States have surged in the first quarter of the year, meaning EVs now account for 4.6 per cent of the light vehicle market. Data firm Experian reports that 158,689 EVs were registered in the U.S. in the first quarter, per Automotive News. It is estimated that Tesla […]

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Ford’s Sale Of 8 Million Rivian Shares Sends EV Startup’s Stock Plunging

Rivian Automotive’s stock prices fell about 13 percent in trading after reports emerged that Ford sold around 8 million of its shares in the EV startup between late Sunday and Monday morning. CNBC reported this weekend that both Ford and JPMorgan Chase were planning large sales of shares after the insider lockup period expired Sunday. […]

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