The Big Number: $5 Billion
The amount Volkswagen said it planned to invest in the electric vehicle maker Rivian.
Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian
VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.
Tesla’s Profit Rose in the Second Quarter as Price Cuts Spurred Demand
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
Rivian Lost $6.8 Billion Last Year as Production Fell Short
The maker of electric trucks said it expected to double production in 2023 as the supply of parts became more reliable.
Amazon Wants 100,000 Electric Vans. Can Rivian Deliver?
Amazon has ordered 100,000 trucks to cut its carbon dioxide emissions, but Rivian will take years to deliver.
Rivian Pares Delivery Targets for 2022, Citing Supply Problems
The company said it expected to produce only 25,000 electric vehicles this year, adding a new cloud to its outlook only months after a hot I.P.O.
Rivian Loses Its Shine as Investors Fret About Production Delays
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
Rivian Loses Its Shine as Investors Fret About Production Delays
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
Rivian Plans to Spend $5 Billion on a Second EV Plant in Georgia
The company, which began trading on the stock exchange last month, said it lost $1.2 billion in the third quarter.
Rivian, the electric-truck maker, soars in early trading after its I.P.O.
The company, backed by Amazon and Ford, was valued at nearly $70 billion in its initial public offering, though it has delivered only 156 vehicles.