In an interview with InsideEVs, Ford CEO Jim Farley said the automaker’s crucial “skunkworks” electric vehicle platform project is progressing well. He likened it to the Apollo missions of the 1960s and ’70s. Supply chain, parts, plant conversions and other critical steps are done, Farley said, and prototype vehicles are operating with Ford software. But…
It’s no secret that Chinese automakers want in on the United States. In fact, in a pre-COVID world, several of them were in a race to get sales moving here. But an underdeveloped product line, and then increased geopolitical tensions and tariffs, have shut the door for now. At least, officially, every day, someone asks…
Electric vehicle maker Rivian has announced a compensation plan for CEO RJ Scaringe worth as much as $4.6 billion over the next decade. This follows the model established by Tesla CEO Elon Musk‘s record pay package and linking rewards to new profit targets and lower share price milestones than a previous deal. Rivian’s pay package…
Rivian is reportedly laying off around 4% of its workforce as the electric-vehicle startup looks to rein in costs amid a slowdown in the EV market. Sources tell the Wall Street Journal and Bloomberg that the company is cutting at least 600 jobs, mostly in the servicing and sales departments. The move comes just…
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 7.2% in the morning session after the company narrowed its full-year 2025 delivery forecast. The company adjusted its guidance to a range of 41,500 to 43,500 vehicles. This tightened the previous outlook, which was between 40,000 and 46,000 cars, and lowered the midpoint of the forecast by…
On the Dash: Rivian has begun construction on its $5 billion Georgia plant even though the Trump administration ended the $7,500 federal tax credit for EV buyers. The Georgia facility, with a planned annual capacity of 200,000 vehicles, is key to Rivian achieving the scale necessary to profitably produce lower-priced R2 and future R3 models….
On the Dash: At $45,000, the R2 brings Rivian closer to mainstream buyers, signaling more attainable EV options for customers. Higher import costs and the loss of tax credits will affect Rivian’s pricing power, potentially influencing how dealers position EVs. Plant upgrades in Illinois and Georgia show Rivian’s push toward scale, which could stabilize availability…
A total of 41,138 Teslas were registered in California last quarter. (David Paul Morris/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] The number of new Tesla Inc. vehicles registered in California fell once again as the company continued to lose ground in the largest U.S. market for electric vehicles. A total…
Rivian Automotive reported a 22.7% drop in second-quarter deliveries, reflecting weakening EV demand amid high interest rates, rising production costs, and policy shifts. The company delivered 10,661 vehicles in Q2, but produced only 5,979, which was well below analyst expectations. While Rivian reaffirmed its annual forecast, the loss of federal EV tax credit benefits and…