General Motors is ending production of electric delivery vans at a plant in southern Ontario, dealing another blow to a Canadian auto sector that is hemorrhaging jobs https://t.co/1rzguVQtqy ...

US auto safety regulators opened an investigation into Rivian over issues with the seat belts in its electric delivery vans that could introduce additional risk in the event of a crash https://t.co/OLZVvOcnJb ...

Group 1 - Rivian Automotive, Inc. is preparing for the launch of its R2 SUV while balancing layoffs and a $1 billion equity investment from Volkswagen [2][3] - The company achieved significant progress in the development of the R2 vehicle and its autonomy platform, indicating strong future growth potential [2] - Rivian completed a new 1.1 million square foot facility in Illinois to support R2 production, reflecting strong demand and commitment to scaling manufacturing capacity [2] Group 2 - The company announced a small number of layoffs aimed at cost reduction, which may initially project a negative outlook [3] - Despite the layoffs, Rivian has gained institutional interest from 38 hedge funds, indicating confidence in the company's stock [3] - Rivian focuses on the premium electric adventure vehicle market and has a significant partnership with Amazon for electric delivery vans [4]

While Lucid Group Inc LCID plugs into Uber Technologies Inc's UBER robotaxi dreams; and Rivian Automotive Inc RIVN expands its Amazon.com Inc AMZN delivery fleet — Tesla Inc TSLA remains the only profitable pure-play EV maker. Track TSLA stock's performance here. Add a $5.8 billion software JV with Volkswagen AG VLKAF and a battery deal with LG, and Rivian's hedging its bets on both mass-market scale and tech muscle. It's a solid strategy—but still deeply in cash burn mode. Tesla's Doing Tesla Things Meanwh ...