Rivian (RIVN) names former Porsche exec as new CCO

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Go back to Rivian (RIVN) names former Porsche exec as new CCO

Renault CEO says Ampere IPO value could reach $10 Billion

September 5, 2023 10:26 AM EDT

According to CEO Luca de Meol, Renault's Ampere electric vehicle division, set to go public through an initial public offering (IPO), might attain a valuation of around 10 billion euros ($10.8 billion).

During an interview with the Financial Times at the Munich IAA car show on Monday, De Meo suggested that Ampere's market worth could range... More

Rivian Automotive (RIVN) Appoints Kjell Gruner as Chief Commercial Officer and President, Business Growth

September 1, 2023 9:02 AM EDT

On September 1, 2023, Rivian Automotive (NASDAQ: RIVN) announced the appointment of Kjell Gruner as the Companys Chief Commercial Officer and President, Business Growth, effective immediately. Dr. Gruner will report directly to Robert Joseph Scaringe, the Companys Chief Executive Officer.

In connection with his appointment, the Company and Dr. Gruner entered into an employment agreement pursuant to which Dr. Gruner will receive an annual base salary of $450,000 and have a target annual incentive bonus opportunity equal to 50% of annual... More

US will offer $12B to automakers and suppliers for the advancement of new energy vehicles

August 31, 2023 12:15 PM EDT

U.S. Secretary of Energy, Jennifer Granholm held a briefing with journalists Thursday where the former governor announced the United States will be making $12 Billion in funds available through grants and loans to automakers and their suppliers for the purpose of retrofitting facilities to produce electric and other advanced vehicles.

The funding will include $10 billion from a federal loan program for clean vehicles and aims to support... More