RIVN News and Press, Rivian Automotive Inc. From 06/25/24

2024-06-25 23:50:00 ET Summary Rivian Automotive shares surged after Volkswagen Group announced a $5 billion investment in the company through a joint venture. The investment will be made over time, with the first $1 billion installment expected in the final quarter of this year. ...

2024-06-25 20:33:34 ET More on Rivian Rivian: Thank You, Toyota! Rivian: New Vehicles And Operational Improvement Could Signal A Turning Point Rivian: Upside Potential Worth The Risks Rivian soars after new joint venture partner Volkswagen invests $5B ...

2024-06-25 20:00:00 ET Summary Rivian benefits from reduced EV competition due to Toyota's focus shifting back to internal combustion engines. The EV company's short-term catalyst is proving auto gross margin profitability without ramping up production, with long-term catalysts be...

2024-06-25 17:11:28 ET General Motors’ ( NYSE: GM ) Cruise division has tapped former Xbox ( MSFT ) engineer Marc Whitten as chief executive of the struggling unit effective July 16. ... Read the full article on Seeking Alpha For further details see: GM's ...

2024-06-25 16:31:01 ET More on Rivian and Volkswagen Rivian: New Vehicles And Operational Improvement Could Signal A Turning Point Rivian: Upside Potential Worth The Risks Rivian Automotive, Inc. (RIVN) Deutsche Bank Global Auto Industry Conference European E...

Rivian and Volkswagen Group intend to enter a joint venture to create next generation software-defined vehicle (SDV) platforms to be used in both companies’ future electric vehicles Volkswagen Group to invest an initial $1 billion in Rivian, with up to $4 billion in planned additional ...

2024-06-25 15:15:38 ET Rivian Automotive Inc (NASDAQ: RIVN) has already gained some 40% since its year-to-date low but a Guggenheim analyst is convinced it’s not too late to invest in it yet. Shares of the EV firm are still down about 45% versus the start of 2024. Rivian ...

2024-06-25 14:24:15 ET Shares of Rivian Automotive (NASDAQ: RIVN) jumped today after one Wall Street analyst began coverage and reinforced some positive projections from the electric vehicle (EV) maker. Rivian's management has previously said it expects to achieve positive gross pro...

2024-06-25 06:08:00 ET The bankruptcy of Fisker is a warning sign to electric vehicle (EV) investors. It's becoming harder and harder to make money selling EVs, and the companies that haven't reached profitability yet are facing the daunting task of surviving a market demanding profits....

2024-06-25 03:23:42 ET Summary Rivian is releasing two new mid-size offerings, namely the R2 and R3/ R3X are designed to penetrate the mass consumer market. Apart from the new product launches, management is also attempting to make its current R1 production more efficient. The...