EV startup Rivian's production chief joins Stellantis

Date:

Share post:


By Abhirup Roy

SAN FRANCISCO (Reuters) – 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.

Fallon’s exit comes at a crucial time for Rivian, which is expanding its only facility in Normal, Illinois to produce the smaller and less expensive R2 SUV that many analysts see as critical to the startup’s success amid a slowdown in demand for EVs.

Fallon, a former Nissan executive, oversaw a manufacturing plant overhaul this year at Rivian, which included a three-week shutdown of the Normal plant, meant to simplify production and slash costs. His move also comes weeks after Volvo veteran Javier Varela joined Rivian as its operations chief.

“We’ve had different leaders as we approach different levels of scaling our business,” a Rivian spokesperson said, confirming Fallon’s exit. “We’re positioning the organization structure for the future.”

Fallon joins Stellantis “as we enter this critical stage of our transformation … with this year marking the start of our electric vehicle offensive,” Carlos Zarlenga, its chief operating officer for North America, said.

The American-French-Italian automaker aims to roll-out 25 EV models in the U.S. by 2030. The company plans to soon launch a Jeep EV model in the U.S. costing less than $25,000, its CEO said this year.

(Reporting by Abhirup Roy in San Francisco; Additional reporting by Nora Eckert; Editing by Lincoln Feast.)



Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

Rescue camera gave officials a view of hundreds of miners in South Africa trapped in shaft

CARLETONVILLE, South Africa (AP) — A specialized mine rescue camera was lowered late last year into an...

Cherokee Co. elementary school employee charged with burglary, theft

A metro Atlanta school employee is under investigation after she was arrested for burglary and theft.Cherokee County...

Did Billionaire Chen Tianqiao Dump or Bet on Apple Inc. (AAPL)?

We recently compiled a list of the Billionaire Chen Tianqiao Dumped 3 Tech...

Entire Blocks Razed to the Ground in Southern Gaza's Tal as-Sultan Area

Entire blocks were seen razed to the ground in southern Gaza’s Tas as-Sultan area on Tuesday, January...

Son of New England Patriots owner to run for mayor of Boston, source says

Yahoo is using AI to generate takeaways from this article. This means the info may not always...

Prince Harry ‘very close’ to agreeing settlement with Sun publisher

The Duke of Sussex is “very close” to agreeing a settlement with the publisher of The Sun,...

Citibank executive ‘bludgeoned to death’ in London flat as police hunt killer

A banking executive found bludgeoned to death at her home has been named by police as the...