Rivian has said one of its strengths is its cash position. That begs the question of why it has to cut costs. In the most ...

Both Amazon and Rivian have undergone layoffs this year to cut costs ... slowdown have weighed on all automakers, but upstart EV companies in particular. Rivian burned through $6.8 billion ...

Amazon.com Inc. and Rivian Automotive are revisiting their exclusive electric van deal as the electric truck maker seeks to ...

Rivian Automotive plans to raise $1.3 billion in cash via a sale of convertible notes. The EV maker had $12.1 billion on hand as of the end of 2022. Earnings reports from Rivian and fellow EV ...

Rivian and Amazon are in discussions to adjust the exclusivity clause of their agreement for the EV maker's electric delivery trucks. Rivian last month touted 10 million packages delivered via the ...

The deal between the two companies was initially inked in 2019, and saw Rivian supply Amazon with 100,000 electric delivery vans. Amazon began using these EV vans for its deliveries last summer ...

Rivian launched production in September 2021. The EV startup based in Irvine ... The automaker has had two rounds of layoffs in the past year, each shedding about 6 percent of staff.

If EV demand continues to grow, Tesla should continue to benefit. Meanwhile, Rivian, Nio, Lucid, and Ford are down between 52% and 92% from their all-time highs. Electric vehicle (EV) stocks have ...

Rivian is issuing a recall for airbag-related issues for the second time in the last few weeks. The EV automaker is notifying affected owners of the R1S SUV (2022-23) about potentially faulty side ...

The Rivian R1S is an important car, and it will show whether Rivian is a one-trick pony or not. The EV startup aims to replicate the success of other electric car makers, particularly Tesla ...

But Amazon only plans to buy roughly 10,000 EV vans this year, which is at the low end of a range previously provided to Rivian, according to the Journal. An Amazon spokesperson told the Atlanta ...