Tag: Rivian

By on May 9, 2022

The fortunes of many are won and lost on America’s stock markets – or even on reports of share sales. Markets reacted this morning to a news report alleging Ford Motor Company is divesting itself of 8 million shares in Rivian, the latter being an EV startup with designs on producing the R1T pickup truck and R1S SUV.

In premarket trading, Rivian’s stock fell over 10 percent to just $25 per share, well off its 52-week high of nearly 180 bucks. Yeesh.

(Read More…)

By on May 3, 2022

Rivian Automotive Inc, purveyor of the all-electric R1T and R1S, will receive $1.5 billion in incentives from state and local governments to build a new manufacturing facility in Georgia. Eager to become home to the company’s planned $5 billion assembly plant, the state is offering a comprehensive incentive package that includes tax breaks. The government has a few stipulations, however.

Under the new agreement, Rivian’s factory would be required to produce 7,500 jobs and its existing investment target by 2028 to receive the full $1.5 billion. That includes a sizable battery production site and may explain why the state is offering up the largest corporate incentivization package in its history.  (Read More…)

By on March 21, 2022

Ford

With window stickers of Ford’s all-electric Lightning pickup having leaked late last week, there were a lot of people interested in having their “Fuel Economy and Environment” estimates verified. Ford CEO Jim Farley has obliged by confirming the figures, adding that the vehicle’s maximum range should ballpark around 300 miles (or better) unless you snub the extended-range models.

The executive confirmed the F-150 Lightning XLT, Lariat, and Pro trims at 320 miles with the bigger battery. Though those running with the standard battery pack only yield 230 miles between charging. Meanwhile, the Lightning Platinum tops out at 300 miles even due to it having gnarly tires and being less aerodynamic than its siblings.  (Read More…)

By on March 3, 2022

On Tuesday, Rivian announced it would be increasing vehicle pricing by roughly 20 percent to account for higher inflationary pressures and higher component costs. It’s not the first electric vehicle startup to do so, or even the first automotive business that realized the hectic economic situation has created a window for expanding profit margins. But it was one of the few to get slapped in the face, metaphorically, after trying to get away with it.

Shares of the company began plummeting almost immediately as it endured widespread criticism, then people started canceling reservations. The plan would have made the $67,500 Rivian R1T electric pickup an $80,000 vehicle, while Rivian would have tacked on an additional $10,000 to the R1S SUV for a new ballpark total of $85,000. This included preorders, which would help to explain why everyone went bananas. But that particular aspect of the plan has been abandoned in an effort to save face and money.  (Read More…)

By on November 23, 2021

Rivian may be experiencing more production delays. Maybe this is why it now apparently has a delivery-time estimator on its build site?

(Read More…)

By on November 22, 2021

Rivian is planning on adding a feature to its online configurator that estimates the time of delivery of the customer’s vehicle.

It’s mild news, to be sure, but it’s the week of Thanksgiving.

(Read More…)

By on November 16, 2021

Fresh off its megabucks IPO in which the company’s fortunes skyrocketed like your author’s blood pressure after a meal of fried foods, rumors are floating that Rivian is planning another factory. Suggested as being located in Georgia, it would play partner to the existing facility in Illinois.

(Read More…)

By on November 10, 2021

While no one around this neck of the woods would call themselves experts in finer points of the stock market, we do know how to add. Talking heads at the Wall Street Journal are reporting Rivian has set an initial share price of $78 for its IPO, a heady sum to be sure. What drives this story to another dimension is they’ve allegedly sold 153 million shares at this price.

For those keeping track, that means they raised nearly $12 billion – making RIVN the biggest listing so far in 2021.

(Read More…)

By on November 5, 2021

Rivian

Start-up EV automaker Rivian has been accused by a former employee of having a “boys club” atmosphere while she worked there.

Laura Schwab, who was in charge of sales and marketing, claims the company has a “toxic bro culture” that led to mistakes being made, and when she pointed it out, she was fired.

(Read More…)

By on October 22, 2021

Rivian

A VIN decoder appears to have revealed the names of Rivian’s planned vans.

(Read More…)

By on October 15, 2021

Barely a month has passed since Rivian’s CEO first posted pictures of the company’s fully certified, in-production R1T electric pickup rolling down the Normal, Illinois assembly line. The R1T is here, it’s real, and it’s got the blessing of the NHTSA, EPA, and CARB to prove it – but the fact that the R1T made it to production more-or-less as promised isn’t what I’m here to talk about today.

Instead, I want to talk about how a brash, spunky startup managed to beat not just Ford, and not just GM, but every single established automaker to market to deliver the first modern electric pickup truck … and the answer might not be what you expect.

(Read More…)

By on September 22, 2021

Ford

It’s become something of a mantra for me, lately, but that doesn’t make it any less true. It goes like this: Electric cars aren’t coming, they’re already here. And, depending on who you ask, they’ve been here – they just haven’t quite made it into the mainstream, yet. With the dawn of the Rivian R1T (which became the first full-size electric pickup to reach series production earlier this month), though, a lot of people would have you believe that’s set to change. I happen to be one of them.

(Read More…)

By on September 15, 2021

Despite EV startups taking a lot of flak for habitually overpromising, sometimes on a level that approaches criminal fraud, things appear to be going rather well at the Rivian factory. Founder and CEO Robert Joseph “RJ” Scaringe announced that the company started building its very first production units on Tuesday.

With the necessary regulatory certifications in hand, Rivian can now begin delivering vehicles directly to customers and the timing couldn’t be much better. The electric brand had said it was basically done with prototypes and ready to spin up the assembly lines for the final product late last month. While this still placed it a bit behind schedule, the company now says it has all the necessary certifications from the relevant regulatory agencies (NHTSA, EPA, CARB, etc.) and an automobile that’s been federally approved for sale.  (Read More…)

By on March 30, 2021

The lawsuits continue against EV startup Rivian. Though it hasn’t built any vehicles to date, the company has an aggressive plan to manufacture its “Tesla killer” vehicles at the former Diamond Star Motors plant at Normal, Illinois, and sell its wares directly to customers via nine showrooms across the nation. Various parties take issue with both the building and selling facets at Rivian, and the company has lawsuits with dealers in Illinois as well as Tesla. (Read More…)

By on March 29, 2021

Rivian’s plan to sell vehicles directly to consumers has raised the ire of two auto-dealer groups in Illinois.

(Read More…)

Recent Comments

  • dal20402: It was the 2002 concept that had suicide doors. The 2015 concept was nearly identical to the production...
  • Jeff S: The late night comedians do miss those late night tweets of Trump as he is sitting on the can. Never was that...
  • Jeff S: Very true you cannot have a mineral lease into perpetuity if you have not exercised the option to extract the...
  • Jeff S: @EBFlex–Now we both agree on something that Putin is full of it. See there is some room for...
  • Jeff S: @EBFlex–Again you are looking for an argument I said the car was not feasible until the Model T. Early...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber