Rivian names former Magna unit executive as operating chief

Rivian has named Frank Klein, a former govt at Canadian car areas maker Magna International’s unit, as its chief running officer, at a time when the electric powered carmaker has waned on its 2022 creation forecast.

For the duration of his tenure at the Austria-dependent unit, Magna Steyr, Klein oversaw its change to the electric mobility manufacturing place, including the production of the 1st electric powered automobile made by a contract company, Rivian mentioned on Monday.

He earlier served in various administration positions at German carmaker Daimler AG for just about 3 many years and was responsible for placing up the Mercedes-Benz plant in Kecskemét, Hungary.

Klein will be based in Ordinary, Illinois, the place Rivian at present creates its automobiles. The organization past 12 months stated it would locate its second U.S-based mostly producing facility in Ga. Creation at the Ga plant is slated for 2024.

Rivian past 7 days stated provide-chain difficulties could reduce its prepared production in fifty percent in 2022 to 25,000 automobiles.

Klein succeeds Rod Copes, who retired in December.

Amazon-backed Rivian lately elevated its selling prices by 20%, but rolled them back for orders booked just before March 1 adhering to a backlash.

(Reporting by Eva Mathews and Tiyashi Datta in Bengaluru)