Rivian Balances Layoffs and $1 Billion Volkswagen Investment Ahead of R2 SUV Launch
California, September 11 (Patrika English News): Rivian Automotive, Inc. (NASDAQ:RIVN) is moving forward with preparations for its much-anticipated R2 SUV launch, even as it announced a small round of layoffs aimed at cutting costs. The move comes alongside a significant boost in confidence, with the company securing a $1 billion equity investment from Volkswagen Group. … Read more