• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
Procurement Nation
No Result
View All Result

Rivian manufactured 1,015 vehicles in 2021, says COO retired

Mark White by Mark White
January 11, 2022
in Supply Chain
0


The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo

Register now for FREE unlimited access to Reuters.com

Jan 10 (Reuters) – Rivian Automotive Inc (RIVN.O) produced 1,015 vehicles by the end of 2021, the Amazon-backed electric pickup truck maker reported in a filing on Monday, in line with its lowered expectations.

Last month, Rivian said it expected production to be “a few hundred vehicles short” of its 2021 target of 1,200 because of supply chain constraints. read more

The company delivered 920 vehicles by the end of 2021, according to the filing. (https://bit.ly/3fbzFvS)

Register now for FREE unlimited access to Reuters.com

Separately, Rivian said Rod Copes retired as chief operating officer.

“Rod began a phased retirement from Rivian several months ago, affording the team continuity as we moved toward production ramp,” the company said in an emailed statement on Monday.

Copes’ duties have been absorbed by the company’s leadership team, the statement said.

Shares of Rivian slipped 4.22% to $78 in extended trade. They closed the regular session down 5.6% at $81.44. Last week, the previous high-flying stock skidded below its initial public offering price for the first time. read more

Register now for FREE unlimited access to Reuters.com

Reporting by Arunima Kumar and Chavi Mehta in Bengaluru; Editing by Bernard Orr

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

Australian shares fall on Omicron worries, drop in energy stocks

Next Post

In a medical first, a man with terminal heart disease gets a transplant of genetically modified pig heart

Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

Next Post
In a medical first, a man with terminal heart disease gets a transplant of genetically modified pig heart

In a medical first, a man with terminal heart disease gets a transplant of genetically modified pig heart

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result
  • Procurement
  • Supply Chain
  • Logistics
  • Science
  • Technology

© 2021 Procurement Nation - Supply Chain & Logistics News