Welcome to our dedicated page for Rivian Automotive / De news (Ticker: RIVN), a resource for investors and traders seeking the latest updates and insights on Rivian Automotive / De stock.
Rivian Automotive, Inc. (NASDAQ: RIVN) is an American automotive and technology company that develops and builds battery electric vehicles, along with software and services that address the full lifecycle of the vehicle. The RIVN news feed on Stock Titan aggregates company announcements, production and delivery updates, technology milestones and other disclosures that Rivian publishes through press releases and SEC filings.
Rivian regularly issues news about its electric vehicle production and delivery figures from its U.S. manufacturing operations, including quarterly and annual totals reported alongside guidance updates. Investors and followers can see how the company’s reported vehicle volumes align with its stated expectations and how these figures relate to its capacity expansion in Normal, Illinois and its planned second facility in Georgia.
The company also releases detailed updates on its technology roadmap. Recent communications have highlighted Rivian’s Autonomy & AI Day, the introduction of its custom Rivian Autonomy Processor, its third-generation autonomy computer, and its AI-centric Rivian Autonomy Platform. News items describe features such as Universal Hands-Free assisted driving, plans to integrate LiDAR into future R2 models, and the launch of subscription offerings related to autonomy.
RIVN news also covers strategic initiatives, including the midsize R2 and R3 vehicle lines, the development of a midsize platform, and partnerships such as Rivian’s joint venture with Volkswagen Group for electronic control units and related software. Governance and legal developments, such as securities litigation settlements, executive compensation decisions and amendments to the company’s charter, are disclosed through press releases and Form 8-K filings.
By reviewing Rivian news on this page, readers can follow the company’s reported progress in electric vehicle manufacturing, autonomy and AI, capital markets activity and corporate governance. The feed provides a centralized view of Rivian’s official communications for those tracking RIVN as an automotive manufacturing and technology stock.
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Rivian Automotive, Inc. (NASDAQ: RIVN) has announced an Amended and Restated asset-based revolving Credit Agreement with JPMorgan Chase Bank, doubling its undrawn revolving commitments to $1.5 billion. This agreement also increases the letter of credit sublimit from $500 million to $1.0 billion and extends the maturity date to April 19, 2028. The borrowing base has been amended to allow for a broader range of asset eligibility. CFO Claire McDonough noted that these amendments bolster Rivian's balance sheet and support business scaling. The agreement permits additional revolving commitments up to $2.0 billion, enhancing Rivian's capital flexibility as it continues to develop electric vehicles and related services.
Rivian Automotive, Inc. (NASDAQ: RIVN) has appointed Martin Huelder as Vice President of its commercial division in Europe. Huelder brings nearly 30 years of experience from Mercedes-Benz, where he held various roles, including Head of Data Driven Sales and Retail Development. His primary focus at Rivian will be to lead the company's European commercial and go-to-market strategy. Huelder expressed enthusiasm for joining Rivian, highlighting the company's success in North America and the opportunity to expand in Europe. Rivian aims to create innovative electric vehicles and services that contribute to the transition to carbon-neutral energy.
Rivian Automotive has appointed Mike Johnson as its new Chief Information Security Officer (CISO). Johnson brings over 25 years of cybersecurity experience, previously serving as CISO at Fastly and Lyft. He has a strong background in securing networks, having also held significant roles at Salesforce. Johnson aims to enhance Rivian's cybersecurity measures amidst its growth phase, focusing on vehicle and data security.
Diane Lye, Rivian's CIO, expressed enthusiasm for Johnson's extensive track record in cybersecurity, highlighting his potential contributions to the company's mission of promoting carbon-neutral energy and transportation.
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