RIVN. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. See here for a complete list of exchanges and delays. 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. Based on Rivian SEC documents released to the public on October 1, Ford executive Alexandra Ford English left the EV startup's board of directors in May 2021, a year after being appointed. 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 At the time English was added, Rivian Chief Executive. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. 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. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . 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. You can view our recent press releases by visitingour Newsroom. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. 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. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. The chief executive of Saudi Arabian state oil company Aramco will not attend an energy conference organized by S&P Global next week, the event's updated schedule showed. If you reached this page via our site or search, please let us know by emailing, The Tax Play That Saves Some Couples Big Bucks, How Gas From Texas Becomes Cooking Fuel in France, Watch: Fire Rips Through Jakarta Fuel Depot, More Severe Weather Expected After Tornadoes Hit South, Chicago Mayor Lori Lightfoot Loses Re-Election Bid. Rivians independent registered public accounting firm is KPMG LLP. LOGIN OR . In . Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). 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)? The vehicle with Rivian is in addition to Fords plan to develop a portfolio of battery electric vehicles as part of Fords previously announced $11 billion of EV investments. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. Board Member Meati Foods . "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Delayed Nasdaq Michael Martinez. Our Standards: The Thomson Reuters Trust Principles. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Given the recent announcement of Mr. Kroeger's new roles with another company effective January 1, 2023, the Board concluded that there were now potential conflicts of interest for Mr. Kroeger. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); TheDetroitBureau.coms Headlight News offers a look at the past weeks top automotive news stories, as well as whats coming up in the week ahead. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The CEO also wants a second plant to meet forecasted demand. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. English currently serves as Ford Motor Company's director of Corporate Strategy. All quotes delayed a minimum of 15 minutes. Rivian is also building a charging network that includes off-road locations to plug in. Ford executives have repeatedly stressed that the company's relationship with Rivian is strategic, but Ford's Lincoln division in April 2020 canceled plans to build EVs with Rivian, a move to save money during the pandemic. Robert J. Scaringe Chief Executive Officer Jiten Behl Chief Strategy Officer Young Doo Director of Mechanical Design, Electric Power Conversion Group Mark Vinnels Executive Director - Enginnering & Programs For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. Alexandra Ford English, a rising executive at Ford Motor Co. and great-great granddaughter of founder Henry Ford, has joined the board of directors at electric-truck maker Rivian Automotive Inc . Enter your email below and we'll send a link to help you access your account. At the very least, Rivian is proving to be a good investmentFord's stake in Rivian is about 13 percent, and the roughly $1.2 billion invested was worth about $9 billion when trading began. Largely unknown outside of automotive circles . Rivian is following Tesla's model of direct sales instead of traditional dealerships. You must [email protected] obtain approval for advertising, marketing or other commercial users. And he wants Rivian to make battery systems and drivetrains in-house. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. English is director of Corporate Strategy for . 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. Get the latest business insights from Dun & Bradstreet. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. Save my name, email, and website in this browser for the next time I comment. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. May 1, 2020. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . 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 AUTOMOTIVE, INC. 14600 Myford Road Irvine, California 92606 Letter From Our CEO April 27, 2022 To Our Stockholders: You are cordially invited to attend the 2022 Annual Meeting of Stockholders (the "Annual Meeting") of Rivian Automotive, Inc. at 11:00 a.m. Pacific time, on Monday, June 6, 2022. 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. Move Control L. Move 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. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. 2 U.S. automaker's representative on Rivian's board. The relationship between Ford Motor Co. and startup electric vehicle maker Rivian just got a little tighter as Alexandra Ford English was announced as the newest member of Rivian's board of directors. 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. It's not a transactional investment. Let us know, wed love to hear your voice. English joined Ford Motor Co. in 2017. 2 U.S. automaker's representative on Rivian's board. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. Where can I find recent Rivians press releases? 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. Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. Does Rivian pay dividends and have a dividend reinvestment program? [5] At that time the SLR became the highest volume carbon based car ever produced. Chairman of the Board and Chief Executive Officer. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Ford CEO Jim Farley has said the two automakers continue to work together, with mutual admiration and respect and a strategic vision that will play out over many years. And Rivian went public on Nov. 10, 2021. October 13, 2021 11:45 AM. 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. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information Ford Family Member Named to Board of EV Startup Rivian. Data is a real-time snapshot *Data is delayed at least 15 minutes. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. -, Rivian stands by 2023 production target despite media report, Rivian Automotive Reportedly Plans to Produce 62,000 EVs This Year, Rivian Automotive Says 62,000 Electric Vehicles' Production Possible in 2023, THE BANK OF N.T. The vehicle with Rivian is in addition to Fords plan to develop a portfolio of battery electric vehicles as part of Fords previously announced $11 billion of EV investments. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). See here for a complete list of exchanges and delays. 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. It's not a transactional investment. We continue to see enormous growth and progress in every . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. 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. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. Editor's note: This story has been updated to clarify that Ford . 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. 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. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Shares can be purchased through a stockbroker of your choice. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, S-1 Registration of Securities October 2021, Consolidated Balance Sheets (Parenthetical), Consolidated Statements Of Changes In Contingently Redeemable Convertible Preferred Stock And Stockholders??? It's a strategic investment. The relationship between Ford Motor Co. and startup electric vehicle maker Rivian just got a little tighter as Alexandra Ford English was announced as the newest member of Rivians board of directors. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Your email address will not be published. But last March it halved that target to 25,000 amid. More information is available atrivian.com. DETROIT, Oct 12 (Reuters) - Ford Motor Co (F.N), which has repeatedly touted its strategic relationship with electric vehicle maker Rivian, no longer has a representative on the startup's board of directors ahead of its going public. We cant find the page you're looking for. At Rivian, were committed to showing that a successful business can also be good for the planet. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . All Rights Reserved. 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. Rivian Automotive price target lowered to $18 from $32 at Wells Fargo February 24, 2023TipRanks Rivian Automotive price target lowered to $42 from $50 at Mizuho February 24, 2023TipRanks Mizuho. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. 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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. It is now a publicly traded company, but it had big name backers to get it to where it is today, notably Ford and Amazon, both of which had a vested interest. Copyright 2023 Surperformance. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. When Ford said in March that English would join Ford's board, its press release identified her as the No. 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 English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. The company has numerous challenges ahead as it attempts to grow its business. Sponsored. Amazon owns about 20 percent of Rivian. We want to hear from you. It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. QUESTIONS AND ANSWERS ABOUT THE 2022 ANNUAL MEETING OF STOCKHOLDERS, Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FEES AND OTHER MATTERS, Board Leadership Structure and Role in Risk Oversight, Attendance by Members of the Board of Directors at Meetings, COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS, SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT, CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS. 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. It has not yet generated revenue, as it continues to use its capital to bring its first vehicles to market in the former Mitsubishi plant it bought, expanded, and retooled in Normal, Illinois, in 2017. 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. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. As for who owns itRivian owns Rivian. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Who is Rivians independent registered public accounting firm? 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. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. See here for a complete list of exchanges and delays. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. 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. R.J. Scaringe, Rivian's 35-year-old CEO, introduces his company's R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. exit from Rivian's board was in anticipation of that. All quotes delayed a minimum of 15 minutes. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. Rivian Automotive. ". Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. 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. Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. 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. Got a confidential news tip? Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. |, Alexandra Ford English to Join Rivians Board of Directors. Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables wereremoved, added and changedby Rivian Automotive, Inc.. Rivian Automotive, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes: Rivian Automotive, Inc. provided additional information to their SEC Filing as exhibits, Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not, Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news, Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q, Remove data columns and navigations in order to see much more filing content and tables in one view, Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q, Export Annual and Quarterly Reports to Adobe Acrobat (PDF), Microsoft Word (DOCX), Excel (XLSX) and Comma-Delimited (CSV) files for offline viewing, annotations and analysis, Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity, See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years, Use our calculated cost dollar values to discover when and how much registered owners BUY, SELL or excercise their company stock OPTIONS aggregated from Form 4 Insider Transactions SEC Filings, View which hedge funds, pension / retirement funds, endowments, banks and insurance companies have increased or decreased their positions in a particular stock. When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. 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. icon-branding Events Icon Harald Kroeger has resigned as a member of the Rivian Automotive, Inc. Board of Directors (the "Board"), effective December 20, 2022. 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. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. You can view Rivians products by visitingrivian.com. Please select less number of photos for download. A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Instructions on how to reset your password have been sent to the email you entered. In the commercial market, it offers Rivian Commercial Vehicle (RCV) platform. 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. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. $16.92 (7.63%) $1.20 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. 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. Rivian has been hogging headlines. Press ReleaseProduction & DeliveryShareholder LetterWebcast. 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. Low Resolution Photos. 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. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. It was also to be built by Rivian at the Normal plant. May 01, 2020 Rivian and Ford Motor Co. announced that Alexandra Ford English will join Rivian's board of directors effective immediately. As head of the World Food Program, which was . The Company is engaged in designing, developing, and manufacturing EVs and accessories. 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. The company was. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. Heres the original story.). REGISTER HERE. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. 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. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. . Photo: Ford. It's a strategic investment. 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. Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. Ford's vested interest included initial plans to have Rivian make an electric SUV for the Lincoln brand. 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. All rights reserved. On . Alexandra Ford English is the newest member of the Rivian board of directors. Get this delivered to your inbox, and more info about our products and services.
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