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Rivian cuts production forecast, citing supply chain issue
Rivian cuts production forecast, citing supply chain issue; its stock dips
Electric vehicle maker Rivian cut its production targets this week amid an ongoing supply shortage, causing its stock to drop more than 3% on Friday.
Rivian (RIVN) stock falls after cutting EV production plans, Q3 deliveries slip
After a supply shortage began in Q3, Rivian cut production plans for the year. It now expects to build between 47,000 and 49,000 vehicles this year, down from its previous 57,000 target. With another 13,157 vehicles built in Q3, Rivian’s production total reached 36,749 through September.
Rivian’s stock dives after production outlook was cut due to parts shortages
Rivian’s stock took a dive Friday, after the electric vehicle maker said it was experiencing a supply shortage, prompting a cut to its full-year production guidance.
Rivian, Georgia
Rivian applies for federal loan to restart Georgia EV factory construction
Rivian Automotive has applied for a federal loan to enable the construction of its electric vehicle factory in Georgia, according to a filing by the Department of Energy.
Rivian Seeking Federal Loan to Restart Georgia EV Plant Project
Rivian Automotive Inc. has applied for a federal loan to fund construction of a new electric vehicle plant in Georgia, a project that had stalled after a cash crunch and change in strategy.
Rivian seeking federal loan to restart construction of $5B Georgia plant
Rivian has applied for a federal loan to help finance the $5 billion EV factory it plans to build an hour east of Atlanta.
Midday stock movers: Spirit Airlines drops; Rivian down
Midday stock movers: Spirit Airlines drops; Rivian down; CVS up
Rivian is also affirming its annual delivery outlook of low-single-digit percentage growth compared with 2023. Rivian pro
Spirit Airlines stock plummets on report of potential bankruptcy filing
The potential bankruptcy filing comes after Spirit's failed $3.8 billion merger with JetBlue Airways. The transaction was scrapped due to regulatory challenges.
Spirit Airlines stock plunges after report it is considering filing for Chapter 11 bankruptcy
A Chapter 11 bankruptcy has the potential to let Spirit Airlines restructure its debt following a failed merger with JetBlue.
12h
Rivian deliveries fall as component shortage slows production
Rivian said on Friday it will build fewer vehicles this year than it did in 2023 due to a supply chain problem that popped up ...
The Pantagraph
3h
Rivian pauses some production and lowers 2024 target, citing part shortage
Rivian Automotive has halted production for a unknown-portion of electric delivery vans and R1 platform vehicles due to a ...
10h
Why Rivian Stock Plunged Friday
Rivian shares plunged as much as 8% when the company notified investors of a part supply shortage issue. The stock remained ...
9h
on MSN
Rivian now says it will make fewer electric vehicles this year than it did in 2023
Rivian said it would make fewer electric vehicles this year than it did in 2023, resulting from a parts shortage. The news ...
7h
Rivian R1T Survives Hurricane Helene’s Floodwaters and Continues to Run
In a surprising turn of events, a Rivian R1T that was submerged by the catastrophic floodwaters of Hurricane Helene has ...
11h
on MSN
Cramer's Mad Dash: Rivian
CNBC’s Jim Cramer delivers his daily Mad Dash. 35 foods that you might not know are banned in the US Stevie Nicks is ...
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