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Tag: Rivians

Ford sees $8.2 billion gain on its investment following Rivian’s IPO

Ford sees $8.2 billion gain on its investment following Rivian’s IPO

Ford Motor Co. expects to file a acquire of $8.2 billion in the fourth quarter on its expense in Rivian Automotive Inc. immediately after the electric powered-truck maker’s blockbuster initial community providing late final yr. The legacy automaker disclosed the obtain Tuesday alongside with several special …
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Rivian’s Second Electric-Vehicle Plant to Open in Georgia in 2024

Rivian’s Second Electric-Vehicle Plant to Open in Georgia in 2024

Rivian, the startup EV maker, has uncovered that its 2nd plant will be positioned in Morgan and Walton Counties in Ga, east of Atlanta. The new manufacturing unit will create 7500 work opportunities and be in a position to assemble 400,000 motor vehicles for every year …
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Elon Musk throws shade a day after Rivian’s big stock debut

Elon Musk throws shade a day after Rivian’s big stock debut

Elon Musk does not exactly seem optimistic about the potential customers of Rivian Automotive Inc., even right after the rival electrical-car maker’s blockbuster IP0. Tesla’s chief executive officer stated he hopes Rivian can enhance manufacturing costs and get dollars flow to split-even. But in a tweet …
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Rivian’s electric truck gets all the attention, but its fate is tied to Amazon

Rivian’s electric truck gets all the attention, but its fate is tied to Amazon

Jeff Bezos stood ahead of a packed conference room in Washington, D.C., and declared war on climate modify. It was September 2019. His key weapon, tucked deep into a chart-weighty presentation, was a bug-eyed cargo truck designed by a startup few folks experienced heard of. “I …
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Rivian’s Forever Fund Will Turn Nature into an EV Shareholder

Rivian’s Forever Fund Will Turn Nature into an EV Shareholder

Rivian CEO RJ Scaringe declared a new fund called Eternally that will place money from the younger electric powered-car organization into “high-impact climate initiatives” to safeguard wilderness. Scaringe stated Rivian will invest 1 percent of its equity (not profits) in this fund to shift away from …
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