Tag: Rivian
Rivian snags $6.6B conditional federal loan to build Georgia factory
Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help...
Tesla says it has reached a ‘conditional’ settlement in Rivian trade secrets lawsuit
Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets.
Bloomberg reports that Tesla...
VW taps former Rivian exec to run US business
Volkswagen of America has a new CEO: Rivian’s recently departed chief commercial officer Kjell Gruner.
The appointment comes just one week after VW parent...
Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will
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The Rivian-Volkswagen joint venture deal is now up to $5.8B
Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage...
Rivian takes major revenue hit as supplier problem persists
Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts estimates — as the EV...