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Rivian cuts production forecast, citing supply chain issue
Rivian cuts production forecast, citing supply chain issue; its stock dips
Electric vehicle maker Rivian cut its production targets this week amid an ongoing supply shortage, causing its stock to drop more than 3% on Friday.
Rivian Stock Drops After It Cuts Production Guidance
Shares of Rivian fell after the electric-truck maker cut its production guidance for the year due to a component shortage. The stock recently stood about 7% lower. Shares had already fallen by more than half this year.
Rivian shares tumble as EV maker cuts production outlook due to parts shortage
Shares in Rivian fell Friday after the EV maker said it’s experiencing a production disruption. Here's what's going wrong.
Rivian lowers annual production forecast due to parts shortage, shares drop
Rivian slashed its full-year production forecast on Friday and missed third-quarter deliveries expectations due to a parts shortage and slowing growth in electric-vehicle demand, sending shares of the startup down nearly 9%.
9h
on MSN
Reese Witherspoon Recalls How She "Couldn't Keep the Lights On" in Early Days of Production Company Despite ‘Big Little Lies,' ‘Gone Girl' Success
Witherspoon joined Laura Dern and Octavia Spencer at Hello Sunshine's Shine Away event on Saturday, as she looked back at ...
1d
on MSN
Sir Ridley Scott’s production company in the red after battling ‘turbulent waters’
Sir Ridley Scott’s production company fell into the red as it battled with the “turbulent waters” of the film and TV industry ...
3d
TotalEnergies to hike dividend and oil production, de-risk gas to 2030
French oil major TotalEnergies told investors on Wednesday it would focus on low-cost upstream production and signing ...
11d
Joe Hipps Launches Production Company, Inks TV Deal With A24
Joe Hipps, who stepped down as Head of TV for Fifth Season earlier this month, is segueing to producing with a deal at ...
2d
on MSN
Libya to resume oil production at two of its major fields
Libya's National Oil Corporation has announced that crude oil production will resume at two of its major fields, where ...
1d
Rivian deliveries fall as component shortage slows production
Rivian said on Friday it will build fewer vehicles this year than it did in 2023 due to a supply chain problem that popped up ...
The Pantagraph
1d
Rivian pauses some production and lowers 2024 target, citing part shortage
Rivian Automotive has halted production for a unknown-portion of electric delivery vans and R1 platform vehicles due to a ...
11d
Luti Fagbenle Launches TV Production Company Osun Group, Taps ‘Supacell’ Producer Sheila Nortley as Drama Chief
Luti Fagbenle launches TV Production company Osun Group, taps 'Supacell' producer Sheila Nortley as drama chief.
2d
Bucking Trends, an Opera Company in Atlanta Is Growing
Under the leadership of Tomer Zvulun, Atlanta Opera powered through the pandemic, has tripled its budget and is producing ...
3d
Automakers monitoring port strike for impacts on production
The strike by unionized dockworkers at East and Gulf Coast ports has the potential to disrupt auto manufacturers' production ...
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