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Rivian has given its founder and CEO RJ Scaringe a new performance-based stock award that could ultimately be worth around $5 billion if all the underlying goals are met, according to a new filing. Scaringe’s salary is also being doubled to $2 million per year, and he was given a 10% stake in Rivian’s newest … Read more
Rivian has created its second spinoff company this year: an industrial AI and robotics venture called Mind Robotics. The new effort will be focused around using “industrial AI to reshape how physical world businesses operate and leverage Rivian operations data as the foundation for a robotics data flywheel,” according to a the company’s third-quarter shareholder … Read more
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come. … Read more
Rivian has agreed to pay $250 million to settle a class-action shareholder lawsuit filed after the company suddenly hiked prices on its R1 pickup truck and SUV in 2022. The lawsuit alleged Rivian had included misleading statements and figures in regulatory filings in the run-up to its 2021 IPO about the costs required to build … Read more
Rivian’s founder and CEO RJ Scaringe is taking on a new role at his company as part of a restructuring ahead of next year’s launch of the R2 SUV, which involves a layoff of more than 600 employees. Scaringe told employees in an email on Thursday that he will be acting as Rivian’s chief marketing … Read more
A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street … Read more
Several years ago, as a skunkworks team of engineers inside Rivian set out to develop an electric micromobility vehicle, one question loomed: “What do we build in-house?” Rivian founder and CEO RJ Scaringe said in an interview recounting the early days of Also, which spun out of Rivian earlier this year. “We realized the only … Read more
Also, the micromobility startup spun out of Rivian, has landed a commercial deal with Amazon to supply the e-commerce company with thousands of its new pedal-assist cargo quad vehicles that are big enough to carry more than 400 pounds of packages and small enough to use a bike lane. Under the multi-year collaboration, the two … Read more
Rivian is changing the door handle design on its upcoming R2 SUV after employees and customers raised safety concerns, according to Bloomberg News. The automaker is one of many that has leaned into electronically latched door handles over the last few years. While this allows for sleeker presentation and more aerodynamic design, it often results … Read more
Rivian has officially broken ground on its long-planned factory near Atlanta, Georgia, which will one day allow the company to make as many as 400,000 of its next-generation electric vehicles per year. The company held a shovel ceremony on Tuesday where CEO RJ Scaringe was joined by Georgia officials, including Governor Brian Kemp. But, as … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4