Rivian’s New Plant Plans Approved by Georgia Court
Court gives go ahead to Rivian project in Georgia. EV company’s plans for new $5 billion plant get a boost. Check out the story at TheDetroitBureau.com.
More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.
Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.
TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.
Court gives go ahead to Rivian project in Georgia. EV company’s plans for new $5 billion plant get a boost. Check out the story at TheDetroitBureau.com.
EV maker Rivian told investors its second quarter production numbers were on track and that it expects to meet its guidance of 50,000 vehicles produced this year. Get the details at TheDetroitBureau.com.
Rivian is looking to further ramp up production by using its own motors. The DetroitBureau.com examines this and other ways the company is looking to become profitable for the first time.
Rivian filed SEC paperwork to issue $1.3 billion in convertible bonds to raise capital. The company is billing the issue as “green bonds” under the principles of the International Capital Market Association. Find out more at TheDetroitBureau.com.
Rivian’s 2022 report isn’t quite what investors wanted to see. TheDetroitBureau.com has the numbers.
Rivian appears to be the latest EV bromance to go sour for Ford Motor Co. After investing $1.2 billion, Ford owned up to 12% of Rivian at one point. Find out more at TheDetroitBureau.com.
The planned European-market joint venture between Rivian and Mercedes-Benz has been put on hold, according to both companies. The pause comes a mere three months after the collaboration was announced. Find out why at TheDetroitBureau.com.
Rivian’s out with its sophomore offering, the R1S sport-utility vehicle. With plenty of power, stylish looks and plenty of tech, it is an excellent electric option. Find out more in our review at TheDetroitBureau.com.
The fix for the potentially loose nuts is simple. The less tractable issue is how it’s affecting Rivian in the stock market. Find out more at TheDetroitBureau.com.
After a rough start to production, EV maker Rivian seems to be getting its feet under it, revealing during its Q2 earnings call it plans to begin a second shift in the next week or so, as part of its push to meet its goal of building 25,000 trucks and SUVs in 2022. Find out more at TheDetroitBureau.com.
As the company did earlier this month, Rivian emailed employees telling them about plans to lay off 6% of the workforce due to save money due to rising costs. Find out more at TheDetroitBureau.com.
While the headlines may be filled with stories about EV makers enjoying strong sales results, some are looking to ensure they keep staffing levels in check, better helping their companies bottom lines. Tesla and Rivian are cutting from employment rolls, reports TheDetroitBureau.com.