Rivian
Wednesday’s market has seen significant movements in various stocks, with some companies like Natera Inc (NASDAQ:) and Rivian Automotive (NASDAQ:) experiencing substantial gains, while others like Maplebear (CART) faced declines. Below are highlights of some of the biggest stock movers, from mega-caps to small caps. Mega-Cap Movers: Large-Cap Stock Movers:Natera…
By Akash Sriram and Abhirup Roy (Reuters) -Rivian stuck to its forecast of achieving gross profit in the fourth quarter even as it reported its first drop in quarterly revenue hurt in part by shortage of a component. Shares of Rivian (NASDAQ:) rose nearly 2% as the Irvine, California-based company…
By Abhirup Roy, Victoria Waldersee SAN FRANCISCO/BERLIN (Reuters) -A few camouflaged Audis arrived secretly from Germany early this year at a facility of electric-vehicle maker Rivian (NASDAQ:) in California, where some 30 engineers stripped the electronics and fitted them with the U.S. startup’s harnesses and modules. Intense testing followed at…
By Akash Sriram and Abhirup Roy (Reuters) -Rivian will be able to slash a fifth of its material costs from electric SUVs and pickups by the end of 2024, CEO RJ Scaringe said on Thursday, after a recent factory overhaul and a vehicle redesign to aid its push to profitability.…
(Updated – June 26, 2024 11:54 AM EDT) Investing.com — U.S. stock futures were mixed Wednesday, with tech continuing to rebound after breaking a three-day losing streak the previous session, while other sectors including financials edged lower. Here are some of the biggest U.S. stock movers today: Nvidia (NASDAQ:) stock…
By Victoria Waldersee BERLIN (Reuters) -Volkswagen shares fell on Wednesday as investors worried about the cost and uncertainties of a joint venture with U.S. electric vehicle (EV) maker Rivian (NASDAQ:) aimed at beefing up Europe’s biggest automaker’s position in EVs. The German group said on Tuesday it would invest up…
Investing.com – Volkswagen (ETR:) the German carmaker, has announced a major investment plan in Rivian Automotive Inc (NASDAQ:), an American electric vehicle (EV) maker. This partnership, which could see investments reaching $5 billion by 2026, aims to form a joint venture for sharing knowledge on EV architecture and software. This…
By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian (NASDAQ:)’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The…