Rivian Automotive Inc., the Amazon.com Inc.-backed electric-pickup maker that is seeking to go public, expects to record a quarterly net loss of up to $1.28 billion due to costs associated with the start of production of its debut truck.
October 25, 2021BusinessTechnologyEquipment
GM Plans āSubstantial Shiftsā in Supply Chain as Chip Shortage Persists
General Motors Co. is planning to revamp its supply chain as the pandemic-triggered chip shortage and rising demand for chip-intensive vehicles have demonstrated the need for an overhaul.
September 20, 2021BusinessTechnologyEquipmentFuel
EV Tax-Credit Plan Draws Ire From Nonunion Toyota, Tesla
A proposal by U.S. House Democratic lawmakers to give union-made electric vehicles higher subsidies drew criticism from nonunionized automakers, including Toyota Motor Corp., Tesla Inc. and Rivian Automotive Inc.
September 13, 2021GovernmentBusinessTechnologyAutonomous
Elon Musk to Host NBCās āSaturday Night Liveā on May 8
Tesla CEO Elon Musk will host āSaturday Night Liveā for the first time on May 8, NBC said.
April 26, 2021