Ford is also supplying some components, engineering and tooling to Rivian. Ford vice president Doug Power replaced English in June, and left the board in September. Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. 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. 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. Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. See here for a complete list of exchanges and delays. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. 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. Reuters. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. We'll keep you updated, but that's a very fundamental bet.". . Photo: Ford. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. ". [5] At that time the SLR became the highest volume carbon based car ever produced. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. 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. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. 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. If you typed the URL into your browser, check that you entered it correctly. Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. We'll keep you updated, but that's a very fundamental bet.". Download size exceeds 350 MB. Low Resolution Photos. 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. No. Got a confidential news tip? 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. You can view Rivians products by visitingrivian.com. 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. But last March it halved that target to 25,000 amid. Sponsored. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. All rights reserved. It went public on the Nasdaq on Nov. 10, 2021 at an IPO price of $78.00, raising nearly $12 billion. All SEC filings can also be accessed directly from the SEC website atsec.gov. The Company is engaged in designing, developing, and manufacturing EVs and accessories. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). 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 Board of Directors. 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. Where can I find more information on Rivians products. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. 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. 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. The company's . Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. 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. You can view our recent press releases by visitingour Newsroom. 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. 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. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. A Ford subsidiary did the prototype bodies-in-white for the Rivian and Amazon pre-production vehicles while Rivian was still tooling up its own body shop in Normal. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. 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 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. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Equity - Narrative (Details), Summary Of Significant Accounting Policies, Summary Of Significant Accounting Policies (Policies), Summary Of Significant Accounting Policies (Tables), Summary Of Significant Accounting Policies - Narrative (Details), Summary Of Significant Accounting Policies - Schedule Of Cash And Cash Equivalents (Details), Exhibit 4.3: Instruments Defining The Rights Of Security Holders, Including Indentures, Exhibit 21.1: Subsidaries Of The Registrant, Exhibit 23.1: Consents Of Experts And Counsel, Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification, https://last10k.com/sec-filings/rivn/0001874178-23-000009.htm. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. read more. Achieving this requires real innovation, collaboration and stewardship. Ford Motor Company is a global company based in Dearborn, Michigan. Chairman of the Board of Directors . Anthony is the CEO of SoFi and serves on its board of directors. 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. Chief Executive Officer. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. 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. 1mo. 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. REUTERS/Mike Blake. In . Rivian is following Tesla's model of direct sales instead of traditional dealerships. Schuster is also a member of the LMC Automotive board of directors. Could we see a return of the F100, maybe the eF100, F100e. Rivian Automotive. 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. . 2 U.S. automaker's representative on Rivian's board. Rivian is also building a charging network that includes off-road locations to plug in. Rivian. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. 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 maker of electric vehicles has launched the 2022 Rivian R1T electric pickup truck and will soon add production of the 2022 Rivian R1S electric three-row SUV. 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.. Select a location. Equity - Fair Value Assumptions (Details), Stockholders??? The CEO also wants a second plant to meet forecasted demand. Move Control L. Move Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. The industry leader for online information for tax, accounting and finance professionals. 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??? All quotes delayed a minimum of 15 minutes. Ford vice president Doug Power replaced English in June, and left the board in September. Rivian is based in Irvine, California, but retains the Engineering and Design Center in Plymouth, Michigan, which at one point also served as headquarters until the decision was made to relocate the HQ to Irvine. A Division of NBCUniversal. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. 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. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Largely unknown outside of automotive circles . May 01, 2020 10:10 AM. 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)? 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. We cant find the page you're looking for. Data is a real-time snapshot *Data is delayed at least 15 minutes. Before joining SoFi, he served as chief operating officer of Twitter since November 2016, and as its chief financial officer when joining the company in July 2014. High Resolution Photos 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. Rivianwill launch its products in the US in 2021, with introduction to international markets following. 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 -, 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. It's not a transactional investment. 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. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Save my name, email, and website in this browser for the next time I comment. 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. $16.92 (7.63%) $1.20 Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. May 1, 2020. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. Please select less number of photos for download. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. The following description of the capital stock of Rivian Automotive, Inc. (the "Company," "we," "us," and "our") and certain provisions of our amended and restated certificate of incorporation, as amended from time to time (the "amended and restated certificate of incorporation") and amended and restated bylaws, as amended from time to time (the "amended and restated . the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. As head of the World Food Program, which was . Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Please select individual photos within album for download. ", When Ford said in March that English would join Ford's board, its press release identified her as the No. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them.