BUTTERFIELD & SON LIMITED, EVP-Engineering, Product Development & Programs, Chief Financial Officer, Senior VP & Controller, T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (Global Investors), Rivian plans to produce 62,000 vehicles this year - Bloomberg News. And he wants Rivian to make battery systems and drivetrains in-house. 1mo. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. Ford vice president Doug Power replaced English in June, and left the board in September. English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. Prior to joining the corporate strategy team, she was a member of the Ford Autonomous Vehicle LLC team and a member of the City Solutions team. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. We continue to see enormous growth and progress in every . ", When Ford said in March that English would join Ford's board, its press release identified her as the No. Sign up for our newsletter and receive the latest automotive news in your inbox! Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/1874178/000187417823000009/rivn-20221231.htm. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. LOGIN OR Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Ford vice president Doug Power replaced English in June, and left the board in September. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information Rivian. Select a location. May 01, 2020 10:10 AM. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Governor Burt Jones, Speaker Jon Burns, Department of Economic Development Commissioner Pat Wilson, legislative leaders from both chambers, local elected and economic officials, and company representatives to celebrate the first-ever Rivian Day at the . Download size exceeds 350 MB. RIVIAN AUTOMOTIVE, INC. : Shareholders Board Members Managers and Company Profile | US76954A1034 | MarketScreener Log in Sign up Markets News Analysis Our Shows Stock Picks Portfolios Watchlists Rankings Screeners Tools Our Services (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). Largely unknown outside of automotive circles . Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Rivian Sets Date for Release of Fourth Quarter and Full Year 2022 Results JANUARY 3, 2023 Rivian Produced 10,020 Vehicles in Q4 2022 NOVEMBER 9, 2022 Rivian Releases Third Quarter 2022 Financial Results Leadership & Governance SEC Filings By The Numbers R1 preorders as of Nov. 7, 2022 ~114,000 Initial Amazon EDV order 100,000 That gave Rivian an opening day market value just shy of $100 billion, higher than General Motors or Ford which have revenue in the billions and sales in the millions. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . Sign up for free newsletters and get more CNBC delivered to your inbox. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Required fields are marked *. All Rights Reserved. You can obtain Rivians investor relations material in the Investors section of our website. Rivian Automotive, Inc. Elects Harald Kroeger to Serve as Class II Director 08/11/2022 | 05:26pm EST On August 8, 2022, the Board of Directors of Rivian Automotive, Inc. expanded the size of the Board and elected Harald Kroeger to serve as a Class II director of the Company, effective immediately. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. You can view our executive officers by visiting the Governance section of our Investor Relations website or visit theOur Company pageto learn about our entire leadership team. I am looking forward to working closely with her and the perspective that she will bring to the Board, said RJ Scaringe, Rivian founder and CEO. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. Its current valuation prices in many years of success that. Sorry, your email address is not recognized. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. Anthony is the CEO of SoFi and serves on its board of directors. She was officially elected to Ford's board in May and her exit from Rivian's board was in anticipation of that, a spokesman said. Englishs move on to Rivians board seemingly signals the partnership is strong, and like many children of the Ford family, she is being given an increasing amount of responsibility. It also offers a portfolio of vehicle accessories, including all-weather floormats, camp kitchen, three-person rooftop tent, at-home Rivian wall charger, and others. Could we see a return of the F100, maybe the eF100, F100e. read more. Let us know, wed love to hear your voice. Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. Rivianwill launch its products in the US in 2021, with introduction to international markets following. Ford has invested more than $820 million in Rivian over two fundraising rounds. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . He launched the SLR into production in 2003 in partnership with Mercedes-Benz and turned McLaren Automotive into a profitable company after developing and launching further SLR models including the SLR Roadster and SLR Stirling Moss. Prior to Twitter, Anthony served for almost four years as co-head of global TMT investment . You can unsubscribe at any time. How can I get a copy of Rivian's Annual Report or any other Investor materials (i.e., Investor Relations kit, Form 10-K, Proxy Statement)? English joined Ford Motor Company in 2017. It was founded in 2009 by engineer RJ Scaringe, initially as Mainstream Motors, then briefly as Avera Automotive, based in Scaringe's home state of Florida. Chief Executive Officer. All rights reserved. With Alexandras experience in mobility and self-driving services, she will bring a unique perspective to Rivians board during this transformational time in our industry.. 2022 The Ford Motor Company | This site may contain links to external websites not affiliated with Ford Motor Company | Images, video and audio from this Web site are provided without login for the purpose of editorial use only. Like what you see? Amazon.comand Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. Our Standards: The Thomson Reuters Trust Principles. Before joining Ford, she was responsible for managing profit-and-loss operations for customer-centric businesses in the merchandising divisions of Tory Burch in New York and Gap Inc. in San Francisco, the automaker noted. At the time English was added, Rivian Chief Executive R.J. Scaringe cited her passion for mobility and electrification, as well as her connection to the company's long family role in transportation. A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. The following information was filed by Rivian Automotive, Inc. (RIVN) on Tuesday, February 28, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. You can view Rivians products by visitingrivian.com. Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. All SEC filings can also be accessed directly from the SEC website atsec.gov. In the SEC filing Rivian said, "Following this offering, none of our stockholders will have any contractual rights to elect or designate members of our board of directors.". It was founded in 2009 by engineer RJ Scaringe, initially as Mainstream Motors, then briefly as Avera Automotive, based in Scaringe's home state of. Driving Cadillacs in Our Dreams: What Do the Rich Drive? Rivian Jan 2021 - Present 2 years 2 months. But in April 2020, Ford announced that it had changed plans and would build its own Lincoln EV, using its new electric vehicle platform, and assembled at a Ford plant. 2 U.S. automaker's representative on Rivian's board. The company was. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. All quotes delayed a minimum of 15 minutes. In May, Ford chief product platform and operations officer Hau Thai-Tang called Rivian a strategic partner and said Ford was still looking at using Rivian's products. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. More information is available atrivian.com. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. Rivianhas development centers in Plymouth, Michigan; Northern California; Southern California; Vancouver, Canada, and Surrey, England; along with a 2.6-million-square-foot manufacturing plant in Normal, Illinois. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. Your email address will not be published. The company has numerous challenges ahead as it attempts to grow its business. So what Last Friday, Wells Fargo analyst Colin Langan issued a note on Rivian, maintaining his neutral rating on shares, but lowering his price target from $32 to $18 -- flat relative to. There are also offices elsewhere in California, as well as Canada and the U.K. Scaringe plans to use the money raised in the IPO to expand his Rivian lineup to include more vehicles built on the R1 platform, a smaller R2 family of vehicles, Rivian-badged adventure or overland vans, as well as commercial vans for customers in addition to Amazon. October 13, 2021 11:45 AM. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, mobility solutions, including self-driving services; and connected services. However, just a few days ago, Ford executives scuttled a joint effort between Rivian and Lincoln to produce an EV for the companys luxury division due to the impact of the coronavirus. Board Member, Advisor, and Former CEO of Patagonia, Inc. . Reuters. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. Where can I find recent Rivians press releases? That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. Global asset firm T. Rowe Price is also a large investor and other financial companies that invested prior to the IPO include Fidelity Management and Research Company, D1 Capital Partners, Third Point, Dragoneer Investment Group, Franklin Templeton, Blackstone, and Coatue. Our strategic partnership with Rivian plays an important role in the future of fully networked battery electric vehicles, said Jim Hackett, Ford president and CEO. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. On . In May, Ford chief product platform and operations officer Hau Thai-Tang called Rivian a strategic partner and said Ford was still looking at using Rivian's products. You can view our recent press releases by visitingour Newsroom. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. RIVN. Who are the members of Rivians Board of Directors? English currently serves as Ford Motor Company's director of Corporate Strategy. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. Contact Information Website www.rivian.com Formerly Known As Mainstream Motors, Avera Motors Ownership Status Publicly Held Financing Status Formerly VC-backed Primary Industry Automotive Stock Exchange NAS Primary Office 14600 Myford Road She was officially elected to Ford's board in May and her exit from Rivian's board was in anticipation of that, a spokesman said. Rivian stands by 2023 production target despite media report, Volkswagen's Scout to build $2 bln plant in South Carolina, VinFast delivers first 45 cars in US market, EV maker Polestar's Q4 loss narrows, won't engage in price wars, Alphabet's Waymo cuts more than 100 jobs in second round of layoffs, EV startups from Lucid to Rivian see demand fade, supply chain issues linger, Rivian shares fall as supply chain snarls hamper production forecast, Fisker pacifies investors with higher orders; keeps 2023 production target, Exclusive news, data and analytics for financial market professionals. In the SEC filing Rivian said, "Following this offering, none of our stockholders will have any contractual rights to elect or designate members of our board of directors. And by offering products and services that inspire people to explore and enjoy our world, we hope to also inspire them to want to protect it. Chairman of the Board and Chief Executive Officer. Rivian has never declared or paid any cash dividends on our capital stock, and does not anticipate declaring or paying any dividends in the foreseeable future. She is an international leader, decorated diplomat, humanitarian and has led negotiations on trade, intellectual property, supply chains, technology, labor and the environment across the world. 459,846 followers. The industry leader for online information for tax, accounting and finance professionals. Rivian has piqued the interest of financial investors speculating it could be the next Tesla, which was an EV startup as well and is now the most valuable automaker in the worldits market value hit $1 trillion in October 2021 for the first time. The stock opened at $106.75, above the initial public offering price of $78 per share, rose as high as $119 and closed at $100.73. Rivian is also building a charging network that includes off-road locations to plug in. On which exchange is Rivian listed and what is the ticker symbol? Included in his role is the leadership of the regional sales, production and powertrain forecasting services that detail manufacturer, segment, platform, model, and plant trends. Vans were running around on city streets as part of a pilot program to work out bugs ahead of filling the order with production vans that will go into service delivering packages. Chairman of the Board of Directors . Alexandra Ford English. 2 U.S. automaker's representative on Rivian's board. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Where can I find more information on Rivians products. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . May 01, 2020 Rivian and Ford Motor Co. announced that Alexandra Ford English will join Rivian's board of directors effective immediately. ". Rivian Automotive. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Rivian has been hogging headlines. 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Rivian had originally planned to spend $2.6 billion for growth investments in 2022. Board Member Meati Foods . Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. Move Control L. Move Press ReleaseProduction & DeliveryShareholder LetterWebcast. (Deficit) Equity, Consolidated Statements Of Comprehensive Loss, Commitments And Contingencies - Unconditional Purchase Obligations (Details), Debt - Debt Securities, Trading, And Equity Securities, Fv-Ni (Details), Income Taxes - Deferred Tax Assets And Liabilities (Details), Income Taxes - Income Tax Reconciliation (Details), Income Taxes - Provision For Income Taxes (Details), Inventory And Inventory Valuation (Tables), Inventory And Inventory Valuation - Schedule Of Inventory, Current (Details), Leases - Schedule Of Lease Assets And Liabilities (Details), Leases - Terms And Interest Rates (Details), Net Loss Per Share - Antidilutive Securities (Details), Net Loss Per Share - Basic And Diluted Earnings Per Share (Details), Presentation And Nature Of Operations (Details), Property, Plant, And Equipment, Net (Tables), Property, Plant, And Equipment, Net - Narrative (Details), Property, Plant, And Equipment, Net - Schedule Of Property, Plant, And Equipment (Details), Related Party Transactions - Narrative (Details), Stock-Based Compensation - Fair Value Assumptions (Details), Stock-Based Compensation - Narrative (Details), Stock-Based Compensation - Schedule Of Stock-Based Compensation Expense (Details), Stock-Based Compensation - Share-Based Payment Arrangement, Activity (Details), Stockholders??? The CEO also wants a second plant to meet forecasted demand. It sells vehicles directly to customers in the consumer and commercial markets. Michael Martinez. With Alexandras experience in mobility and self-driving services, she will bring a unique perspective to Rivians board during this transformational time in our industry., (Lincoln and Rivian announced their SUV program in January. Member of the Board of Directors Patagonia Mar 2013 - . At the time English was added, Rivian Chief Executive R.J. Scaringe cited her passion for mobility and electrification, as well as her connection to the company's long family role in transportation. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). Ford is also supplying some components, engineering and tooling to Rivian. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. DEARBORN, Mich., May 1, 2020 - Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. Ford, which holds a stake greater than 5% in Rivian according to a filing with the U.S. Securities and Exchange Commission, had a seat on the Rivian board when it was a private company, but that would not continue as Rivian went public, Thibodeau said. You must contact media@ford.com to obtain approval for advertising, marketing or other commercial uses. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Rivian Announces $350 Million Investment from Cox Automotive - Cox Automotive Inc. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. Investors Leadership . Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Youll see Stamping, Body, Paint, Propulsion, General Assembly and End of Line, including how our skilled, diverse and dedicated team assembles our R1T, R1S and commercial vans. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. While an announcement was never made, Ford executive Alexandra Ford English left the Rivian board in May according to documents Rivian made public on Oct. 1 ahead of its planned initial public offering. 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High Resolution Photos Ford Motor Company is a global company based in Dearborn, Michigan. But within a couple years, that plan was shelved. As head of the World Food Program, which was . While an announcement was never made, Ford executive Alexandra Ford English left the Rivian board in May according to documents Rivian made public on Oct. 1. TO VIEW CONTACT DETAILS PLEASE Copyright 2023 Surperformance. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; Images, video and audio from this Web site are provided without login for the purpose of editorial use only.

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