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 common stock. He also holds 4.3… Continue reading Rivian founder RJ Scaringe snaps up $1M worth of EV maker’s stock
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Rivian says pricing dispute with seat supplier threatens Amazon van program
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 its producing for Amazon and potentially other commercial customers. WSJ was the first to report on the complaint, which was filed March 9 in the Wayne… Continue reading Rivian says pricing dispute with seat supplier threatens Amazon van program
Following Volvo and Ford, Renault aims to spin off its EV business into a separate company
Last week, French company Renault announced its plan to fully review spinning off its electric car business into a separate company in 2023, in hopes of catching up with rivals Tesla and Volkswagen. Renault said that the new EV spin-off could bring on board 10,000 new employees by 2023, and its business model would be… Continue reading Following Volvo and Ford, Renault aims to spin off its EV business into a separate company
Rivian’s shares sink after a report says legal battle with a supplier could delay Amazon vans
Rivian’s suit accuses Ohio-based Commercial Vehicle Group of violating its contract with Rivian by sharply raising its prices after the contract was signed. Go to Source
2023 Cadillac Lyriq starts at $62,990, with estimated 312 miles of range
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EV operating cost, electric RVs, batteries and tire emissions: Today’s Car News
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Analysis: Amid high gas prices, EV operating cost advantages have grown stronger
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Bigger batteries in EVs could lead to colossal boost in particulate emissions—from tires, study suggests
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‘Jubilation’: Stellantis retracts unpopular supplier-contract terms
Jeep maker Stellantis NV on Monday said it has retracted changes it made to its supplier contract terms earlier this year following a backlash from its vendors. Among the least popular requirements of the new terms effective Jan. 1, 2022, were those that required suppliers to pass along to the transatlantic automaker any cost-savings incurred and allowed Stellantis… Continue reading ‘Jubilation’: Stellantis retracts unpopular supplier-contract terms
An EV battery begins declining at first charge. When must it be replaced?
In deciding whether an electric vehicle is cheaper than a gas-powered car, especially as petroleum prices climb again, experts say customers have to consider the costs of charging infrastructure, energy prices and maintenance costs — like replacing a battery pack. Deterioration of EV batteries begins the first time a vehicle is plugged in, according to scientists. The… Continue reading An EV battery begins declining at first charge. When must it be replaced?