Supply Chain Struggles, Future Plans, and More: Rivian CFO Sheds Light at Tech Conference
Rivian Chief Financial Offer Claire McDonough took to the stage at the Goldman Sachs’ Communacopia + Technology conference to discuss Rivian and answer questions about where Rivian is heading. We listened to the call and broke down some important details and information in an easy-to-read list. RJ Scargine is expected to speak on the Rivian’s future at the Morgan Stanley conference this upcoming Wednesday so stay tuned to RivianTrackr for any new details. Shoutout to autoevolution for assisting with these…
Volkswagen’s $5 billion Rivian Partnership Sparks Tension Within Cariad Software Division
Volkswagen’s recent $5 billion joint venture with Rivian has caused unrest within its software division, Cariad. The partnership, announced in June, came after delays and budget overruns at Cariad pushed back the release of key VW, Audi, and Porsche models by nearly two years. Peter Bosch, tasked with turning around Cariad, and his team were excluded from the negotiations, further intensifying concerns within the division. Cariad employees, unaware of the deal until it became public, now face uncertainty about their…
First Batch Of Gen 2 Tri-Motor R1S Hit R1 Shop; Delivery Within 6 Weeks! [U]
Update 1: Rivian has confirmed the removal of the Tri R1S vehicles from the R1 Shop. The vehicles appeared early and should not have been on there. Rivian has told RivianTrackr that we can expect to see the Tri-Motor R1S vehicles return in the coming weeks. The moment a lot of us have been waiting for has happened, 2025 Rivian R1S Tri-Motor vehicles have started hitting the R1 Shop! The first batch of about 5 Gen 2 Tri-Motor R1S is…
2022-2023 Rivian R1T and R1S Models Recalled for Incorrect Vehicle Weight Labels
Rivian has issued a new recall for select 2022-2023 Rivian R1T and R1S models claiming that the maximum vehicle capacity weight value on the tire placard label is incorrect. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 110, “Tire Selection and Rims.” To resolve the issue, Rivian will mail owners a corrected overlay tire placard label, free of charge. Owner notification letters were mailed on August 8, 2024. Owners may contact…
Motor Intelligence Reports Rivian’s August Surge, Pushing 2024 Run Rate Beyond Projections
The numbers are out and Rivian managed to sell 5,133 vehicles in the month of August 2024 which brings the annualized run rate to 61,596, surpassing the expected 57,000 that Rivian projected this year. Motor Intelligence, the world’s leading provider of vehicle sales and leasing data for the United States market, shared these numbers on Thursday evening. In July, Rivian shared their Q2 earnings and revealed that 9,612 vehicles were produced and 13,790 vehicles were delivered. It’s important to note…