The news came just days after the U.S. District Court for the Western District of Michigan dismissed a lawsuit challenging the procedure by which the Nuclear Regulatory Commission approved Palisades’ restart. Started under the Biden administration, the revival project was one of the first the Trump administration allowed to move forward after taking office, part…
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…