City Normal, state Illinois Financial News

21.08 / 07:20

COST Reuters Manufacturing CEO stage International EV startup Rivian's production chief joins Stellantis

Rivian's head of manufacturing is leaving the electric vehicle startup to join Stellantis at a time when the maker of Jeep SUVs and Ram pickups is preparing to launch a number of battery powered cars. Tim Fallon will join Stellantis as its head of manufacturing in North America effective Sept 2, Stellantis said in a statement. Rivian, known for its R1S SUVs and R1T pickups, appointed its head of logistics Carlo Materazzo, a former Stellantis executive, to oversee production in the interim, CEO RJ Scaringe said in an internal email seen by Reuters.

07.03 / 20:45

UPS Manufacturing Sporting Rivian shares accelerates after unveiling new EV models

Investing.com — Rivian surged Thursday after the electric vehicle maker unveiled three new EVs and said it would save over $2 billion from pausing production at its Georgia plant.

20.10 / 03:45

COST Manufacturing DiRT Inside social testing 2024 Electric truck maker Rivian says construction on 1st phase of Georgia factory will proceed in 2024

Rivian Automotive has confirmed that it will move ahead with construction on a factory in Georgia early next year

02.10 / 12:53

COST UPS Target Tesla track reports Q3 EV maker Rivian beats Q3 delivery estimates after raising production

SAN FRANCISCO (Reuters) — Electric-vehicle maker Rivian (NASDAQ:RIVN) Automotive on Monday reported third-quarter deliveries above analysts' estimates, as it ramped up production to meet a sustained demand for its pickup trucks and sport-utility vehicles (SUVs).

03.07 / 14:27

COST UPS Target Tesla Rivian beats estimates for second-quarter EV deliveries

Rivian Automotive on Monday beat Wall Street expectations for quarterly deliveries on stable demand for its electric vehicles, sending the company's shares up 10% in early trading. Amazon-backed Rivian has been struggling to lift output, pressured by supply-chain disruptions and a price war started by market leader Tesla.

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