PARIS, Tenn.–(BUSINESS WIRE)–Rivian, an American builder of all-electric trucks, SUVs and commercial vehicles, and Clearloop, the carbon solutions platform helping to expand access to clean energy in the American communities that can benefit the most, held a “first charge” event today to unveil Rivian’s new Waypoints electric vehicle (EV) charging site in Paris, Tennessee. This […]
Ram 1500 Revolution BEV electric concept truck Stellantis Ram Truck previewed its upcoming electric pickup Thursday at the CES technology show, as the automaker plans its entrance into the emerging segment next year to compete with Detroit rivals as well as Rivian and, potentially, Tesla. The Stellantis truck brand revealed the Ram 1500 Revolution BEV […]
Employees work on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Shares of Rivian Automotive notched a new 52-week low on Wednesday after the company missed its 25,000-unit production target for last year. The EV startup late Tuesday said it produced 24,337 vehicles […]
Just three months after announcing a partnership with Mercedes to manufacture commercial electric vans in Europe, Rivian now says its pausing those plans to concentrate on its own business. “At this point in time, we believe focusing on our consumer business, as well as our existing commercial business, represent the most attractive near-term opportunities to […]
Rivian said Monday it was pausing its plans to manufacture electric commercial vans in Europe, adding that it would “no longer pursue” a memorandum of understanding signed with Mercedes-Benz in September. “We’ve decided to pause discussions with Mercedes-Benz Vans regarding the Memorandum of Understanding we signed earlier this year for joint production of electric vans […]
Check out the companies making headlines before the bell: Tapestry (TPR) – The company behind the Coach and Kate Spade brands beat top and bottom line estimates for its latest quarter, but cut its full-year forecast for the impact of the strong U.S. dollar and China’s Covid-19 restrictions. Tapestry slid 2% in premarket trading. Nio […]
Five things you need to know before the market opens on Thursday November 10: 1. — Stock Futures Nudge Higher, Eyeing CPI Data and Crypto Fallout U.S. equity futures edged cautiously higher Thursday as investors looked to a key inflation reading prior to the start of trading while closely-tracking developments in cryptocurrency markets over concerns […]
The display outside the Nasdaq MarketSite is pictured as the dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Mike Segar | Reuters Check out the companies making headlines in after-hour trading. Bumble – The dating […]
Rivian Automotive warned that the supply chain disruptions that have troubled carmakers since last year will be the “limiting factor” in its plan to make 25,000 electric trucks this year. Chief executive RJ Scaringe said Rivian had fewer problems securing parts in the third quarter than in the first half of the year. Still, production […]
Rivian impressed car reviewers (and us) with its R1T pickup, and its R1S electric SUV is no different. The slightly smaller vehicle continues the automotive startup’s trend of building no-compromise electric vehicles meant for outdoor adventure. Living the life of an extreme camper, kayaker or cyclist doesn’t come cheap: The R1S has a bank-busting price […]