At Rivian, were committed to showing that a successful business can also be good for the planet. Rivian Is Pumping the Brakes on Spending and Production Growth. That's Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). Our Standards: The Thomson Reuters Trust Principles. 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. 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. Rivian. The R1 technology systems include vehicle electronics, battery, electric drive, chassis, Driver+, its advanced driver assistance system (ADAS), and digital user experience management. Ford vice president Doug Power replaced English in June, and left the board in September. Rivian Company Profile: Stock Performance & Earnings | PitchBook The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Have some ideas for making The Detroit Bureau.com even better? It sells vehicles directly to customers in the consumer and commercial markets. Rivian is one of the most hyped IPOs in recent history. Sponsored. 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. And Rivian went public on Nov. 10, 2021. 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. Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. 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. English joined Ford Motor Company in 2017. Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. . John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. It went public on the Nasdaq on Nov. 10, 2021 at an IPO price of $78.00, raising nearly $12 billion. Save my name, email, and website in this browser for the next time I comment. Skip To Main. The company has numerous challenges ahead as it attempts to grow its business. English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. The industry leader for online information for tax, accounting and finance professionals. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. BUTTERFIELD & SON LIMITED, EVP-Engineering, Product Development & Programs, Chief Financial Officer, Senior VP & Controller, T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (Global Investors), Rivian plans to produce 62,000 vehicles this year - Bloomberg News. Get this delivered to your inbox, and more info about our products and services. As for who owns it Rivian owns Rivian. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Rivian has been hogging headlines. 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 is a strategic investment and we're still exploring ways for potential collaboration with them. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. But within a couple years, that plan was shelved. Rivian Automotive, Inc. Elects Harald Kroeger to Serve as Class II Director 08/11/2022 | 05:26pm EST On August 8, 2022, the Board of Directors of Rivian Automotive, Inc. expanded the size of the Board and elected Harald Kroeger to serve as a Class II director of the Company, effective immediately. 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. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. What is Rivian? - Investopedia It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. Shares can be purchased through a stockbroker of your choice. Your email address will not be published. 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. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Description of Capital Stock | Rivian Automotive, Inc. | Business In the SEC filing Rivian said, "Following this offering, none of our stockholders will have any contractual rights to elect or designate members of our board of directors.". Rivian | LinkedIn Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. You can obtain Rivians investor relations material in the Investors section of our website. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, mobility solutions, including self-driving services; and connected services. Alexandra Ford English Joins Rivian Board of Directors May 01, 2020 10:10 AM. 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 Family Scion Joins Board of Electric-Truck Maker Rivian Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. 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)? Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. Rivian Announces $350 Million Investment from Cox Automotive Largely unknown outside of automotive circles . She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Our Leadership Team | SoFi Let us know, wed love to hear your voice. Who are the members of Rivians Board of Directors? Alexandra Ford English is the newest member of the Rivian board of directors. The company's . Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. Low Resolution Photos. Buying Rivian Could Be Your Biggest Regret in 2022 icon-branding Events Icon All quotes delayed a minimum of 15 minutes. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. Rivian CEO And Leadership: Executives and Demographics - Zippia 2 U.S. automaker's representative on Rivian's board. Alexandra Ford English to Join Rivian's Board of Directors Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. Watch as Rivian founder and CEO RJ Scaringe walks you through each shop to explain how we're making progress in producing electric vehicles at scale. Rivian Automotive NasdaqGS:RIVN Stock Report - Simply Wall St RIVIAN AUTOMOTIVE, INC. : Shareholders Board Members Managers and Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. 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. English currently serves as Ford Motor Company's director of Corporate Strategy. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. Move Control L. Move Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. Rivian Jan 2021 - Present 2 years 2 months. Meet R.J. Scaringe, Founder Of Rivian AutomotiveAnd Tesla - Forbes 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. 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. 459,846 followers. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information 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 most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. A Division of NBCUniversal. 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. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. If you typed the URL into your browser, check that you entered it correctly. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Reuters. Chief Executive Officer. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Ford employs approximately 188,000 people worldwide. See here for a complete list of exchanges and delays. It's a strategic investment. The industry leader for online information for tax, accounting and finance professionals. Board Member Meati Foods . 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. 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. In the SEC filing Rivian said, "Following this offering, none of our stockholders will have any contractual rights to elect or designate members of our board of directors. 2023 CNBC LLC. (Deficit) Equity, Consolidated Statements Of Comprehensive Loss, Commitments And Contingencies - Unconditional Purchase Obligations (Details), Debt - Debt Securities, Trading, And Equity Securities, Fv-Ni (Details), Income Taxes - Deferred Tax Assets And Liabilities (Details), Income Taxes - Income Tax Reconciliation (Details), Income Taxes - Provision For Income Taxes (Details), Inventory And Inventory Valuation (Tables), Inventory And Inventory Valuation - Schedule Of Inventory, Current (Details), Leases - Schedule Of Lease Assets And Liabilities (Details), Leases - Terms And Interest Rates (Details), Net Loss Per Share - Antidilutive Securities (Details), Net Loss Per Share - Basic And Diluted Earnings Per Share (Details), Presentation And Nature Of Operations (Details), Property, Plant, And Equipment, Net (Tables), Property, Plant, And Equipment, Net - Narrative (Details), Property, Plant, And Equipment, Net - Schedule Of Property, Plant, And Equipment (Details), Related Party Transactions - Narrative (Details), Stock-Based Compensation - Fair Value Assumptions (Details), Stock-Based Compensation - Narrative (Details), Stock-Based Compensation - Schedule Of Stock-Based Compensation Expense (Details), Stock-Based Compensation - Share-Based Payment Arrangement, Activity (Details), Stockholders??? Rivians independent registered public accounting firm is KPMG LLP. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. Rivian Automotive, Inc. (RIVN) 10-K Annual Report February 2023 Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. Rivianwill launch its products in the US in 2021, with introduction to international markets following. read more. $16.92 (7.63%) $1.20 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. United States | English Required fields are marked *. When Ford said in March that English would join Ford's board, its press release identified her as the No. Delayed Nasdaq 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. 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. Ford's vested interest included initial plans to have Rivian make an electric SUV for the Lincoln brand. Sign up for our newsletter and receive the latest automotive news in your inbox! Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. Editor's note: This story has been updated to clarify that Ford . In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. -, 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. Get the latest business insights from Dun & Bradstreet. Like what you see? We'll keep you updated, but that's a very fundamental bet.". 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. Board Member, Advisor, and Former CEO of Patagonia, Inc. . TO VIEW CONTACT DETAILS PLEASE 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. LOGIN OR 1mo. No. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. 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 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. Ford has invested more than $820 million in Rivian over two fundraising rounds. RIVIAN AUTOMOTIVE, INC. : Shareholders Board Members Managers and Company Profile | US76954A1034 | MarketScreener Log in Sign up Markets News Analysis Our Shows Stock Picks Portfolios Watchlists Rankings Screeners Tools Our Services See here for a complete list of exchanges and delays. RIVN.O - | Stock Price & Latest News | Reuters Document - SEC Press ReleaseProduction & DeliveryShareholder LetterWebcast. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. [5] At that time the SLR became the highest volume carbon based car ever produced. Please select less number of photos for download. Investor Relations - Rivian the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022.