[AUTO] Rivian reports Q3 net loss of $1.1 billion after sales, production slide

[HoldFire 流]

Rivian reports Q3 net loss of $1.1 billion after sales, production slide Share Scaringe at Normal Rivian retooled its Normal, Ill., assembly lines to make mechanical changes to the R1T and R1S to save money. “This has been a tough quarter for us because of some of the supplier-ramp challenges,” CEO RJ Scaringe said on the Nov. 7 earnings call. (LAURENCE ILIFF/AUTOMOTIVE NEWS) Author LI By: Laurence Iliff Last Updated November 08, 2024 02:32 AM Rivian reported a third-quarter net loss of $1.1 billion and a sharp fall in revenue on lower production and deliveries of its pricey electric vehicles, the automaker said Nov.

7. In the year-earlier quarter, Rivian’s net loss was $1.4 billion.This year's SEMA Show drew a crowd nearly as large as before the pandemic. (JAMIE BUTTERS/AUTOMOTIVE NEWS) Author JB By: Jamie Butters Last Updated November 08, 2024 11:00 AM LAS VEGAS — I arrived here on election night, anticipating that the outcome of the presidential vote would not be known before I got home. But Donald Trump’s blowout win made the outcome clear well before I went on stage Wednesday at 9 a.m.