Tag Archives: Rivian Automotive Inc

Rivian production grows 67% in 3Q, confirms 2022 goals

Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Electric vehicle maker Rivian Automotive said Monday that it produced over 7,000 vehicles in …

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Amazon took solar rooftops offline last year after fires, explosions

Amazon turned off solar energy systems at all of its U.S. facilities in 2021 after a rash of fires and explosions, including one at its Fresno warehouse in 2020. Fresno Fire Department On the afternoon of April 14, 2020, dozens of firefighters arrived at an Amazon warehouse in Fresno, California, …

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How Amazon is giving Rivian an edge in the EV industry

Following in Tesla’s footsteps, another electric vehicle company has been making a name for itself, with a unique spin: Rivian Automotive. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.” Rivian …

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Amazon strikes green hydrogen deal with fuel cell maker Plug Power

Plug Power hydrogen delivery truck. Source: Plug Power Shares of hydrogen fuel cell maker Plug Power surged as much as 8% Thursday morning after Amazon said it struck a deal with the company to power some of its operations with green hydrogen. Amazon said Plug will supply 10,950 tons of …

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Tech companies, banks overstaffed while airlines, hotels need workers

JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan …

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Amazon says carbon emissions increased 18% in 2021

Amazon vans line up at a distribution center to pick up packages for delivery on Amazon Prime Day in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images Amazon’s carbon emissions jumped 18% last year, as the company reckoned with a pandemic-driven surge in e-commerce and grew its business to …

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Amazon records $3.9 billion loss on Rivian holding in second quarter

Amazon’s stake in electric vehicle maker Rivian Automotive was once worth $27 billion. That was in November, shortly after Rivian’s IPO, which took place just before the Nasdaq peaked. But with investors rotating out of risk in 2022 and selling off last year’s high-priced IPOs, Amazon has now taken paper …

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Amazon (AMZN) Q2 2022 earnings

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will announce second-quarter earnings after the markets close on Thursday. Here’s what analysts expect: Earnings: 13 cents per share, according to …

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Why CEO Mary Barra is confident GM can beat Tesla in electric vehicles

GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the …

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Apple CarPlay could be a trojan horse into the automotive industry

Apple is using the iPhone’s popularity to push itself into the auto industry. Automakers are a little unsure how they feel about this. Apple announced the next generation of its car software CarPlay in June. It takes over the user interface on all interior screens, replacing gas gauges and speed …

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