Kirsten Korosec
Rivian filed a complaint against Commercial Vehicle Group, alleging that the supplier violated a contract and nearly doubled prices on a custom seat package bound for the electric vans it’s producing for Amazon and potentially other commercial customers.
WSJ was the first to report on the complaint, which was...
Rivian founder and CEO RJ Scaringe bought 41,000 shares of company stock worth about $1 million, a securities filing posted Monday afternoon shows.
The latest proxy filing, which pre-dated this purchase, shows Scaringe owns 11.99 million shares of class A stock, or about 1.3%, and 7.82 million class B...
A rugged SUV and pickup truck could be in production in the US by 2026
VW Group is on the precipice of launching a new dedicated EV company in the United States called Scout that will produce an all-electric pickup and a rugged off-roading SUV geared toward the American...
Rivian’s stock price fell more than 17% Monday, a drop prompted by a CNBC report that Ford was selling 8 million shares of the EV automaker.
Ford held a 12% stake, or about 102 million shares, of Rivian.
Over the weekend, David Faber of CNBC reported that Ford would sell 8...
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Lucid Group’s largest shareholder has agreed to buy 100,000 of its electric vehicles over the next decade.
The government of Saudi Arabia, which is connected to the kingdom’s Public Investment Fund that owns 61% of Lucid, has made an initial commitment to buy 50,000 of Lucid’s EV with an...
Elon Musk’s tunnel startup The Boring Company plans to begin “full-scale” testing of hyperloop, a still theoretical transportation system that sends passengers in autonomous electric pods through a tube at speeds in excess of 600 miles per hour.
Musk tweeted out the update Monday, just a day after announcing...
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox.
Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from...
Amazon launched Thursday a $1 billion fund focused on logistics, the supply chain and customer fulfillment with focus — at least in this first batch of investments — on wearable technology that improves safety in its fulfillment centers and robotics.
The Amazon Industrial Innovation Fund follows other investment activities...
Volkswagen Group, one of the world’s largest automakers with nearly 9 million vehicles sold last year, ratcheted up an already ambitious strategy in 2021. The target: to transform the company from a maker of cars, commercial vans, sedans and even motorcycles into a global mobility business that will...
