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 ...

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.

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 ...

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 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 ...

Rivian is in discussions with Amazon to dissolve the exclusivity piece of their commercial EV van deal, the WSJ reported this morning, citing unnamed sources. If successful, Rivian would be free ...

Rivian still has a large cash reserve thanks in part to Amazon's large investment in the EV startup. However, it's still struggling to reach profitability and has engaged in two rounds of layoffs over ...

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 ...