English joined Ford Motor Company in 2017. 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 has been hogging headlines. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. May 01, 2020 10:10 AM. Anthony is the CEO of SoFi and serves on its board of directors. More information is available atrivian.com. Instructions on how to reset your password have been sent to the email you entered. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. United States | English Rivians independent registered public accounting firm is KPMG LLP. 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. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. [5] At that time the SLR became the highest volume carbon based car ever produced. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. See here for a complete list of exchanges and delays. Board Member, Advisor, and Former CEO of Patagonia, Inc. . Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). (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??? Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. However, just a few days ago, Ford executives scuttled a joint effort between Rivian and Lincoln to produce an EV for the companys luxury division due to the impact of the coronavirus. 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. R.J. Scaringe, Rivian's 35-year-old CEO, introduces his company's R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. exit from Rivian's board was in anticipation of that. She was officially elected to Ford's board in May and her exit from Rivian's board was in anticipation of that, a spokesman said. 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. We want to hear from you. 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 Automotive, Inc. is a manufacturer of electric vehicles (EV). 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. Heres the original story.). TO VIEW CONTACT DETAILS PLEASE 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. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . Prior to joining the corporate strategy team, she was a member of the Ford Autonomous Vehicle LLC team and a member of the City Solutions team. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. No. 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, but that would not continue as Rivian went public, Thibodeau said. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. Get this delivered to your inbox, and more info about our products and services. The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. The CEO also wants a second plant to meet forecasted demand. Ford vice president Doug Power replaced English in June, and left the board in September. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. 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. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Volkswagen's Scout to build $2 bln plant in South Carolina, Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says, Reporting by Ben Klayman, additional reporting by Paul Lienert; Editing by David Gregorio, Kirsten Donovan, Ford looking at ways to boost gas-powered F-150 production, Rivian stands by 2023 production target despite media report, Saudi Aramco CEO will not attend Houston energy conference, As space junk threat grows, government and investors seek solutions, France's nuclear output hit by strike at EDF, EIA blames crude oil blending, under-reported output for high adjustments in US data, Nissan and Mexican workers agree to 9% raise at Morelos plant, union says, Exclusive news, data and analytics for financial market professionals. 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. Before joining Ford, she was responsible for managing profit-and-loss operations for customer-centric businesses in the merchandising divisions of Tory Burch in New York and Gap Inc. in San Francisco, the automaker noted. Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. 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. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). Largely unknown outside of automotive circles . 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. It's a strategic investment. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. But in April 2020, Ford announced that it had changed plans and would build its own Lincoln EV, using its new electric vehicle platform, and assembled at a Ford plant. It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . October 13, 2021 11:45 AM. Select a location. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. I am looking forward to working closely with her and the perspective that she will bring to the Board, said RJ Scaringe, Rivian founder and CEO. Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Rivian is also building a charging network that includes off-road locations to plug in. Rivian Automotive. Please select less number of photos for download. 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, but that would not continue as Rivian went public, Thibodeau said. If you reached this page via our site or search, please let us know by emailing, The Tax Play That Saves Some Couples Big Bucks, How Gas From Texas Becomes Cooking Fuel in France, Watch: Fire Rips Through Jakarta Fuel Depot, More Severe Weather Expected After Tornadoes Hit South, Chicago Mayor Lori Lightfoot Loses Re-Election Bid. 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. 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. At the time English was added, Rivian Chief Executive. Press ReleaseProduction & DeliveryShareholder LetterWebcast. Low Resolution Photos. With Alexandras experience in mobility and self-driving services, she will bring a unique perspective to Rivians board during this transformational time in our industry.. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. Youll see Stamping, Body, Paint, Propulsion, General Assembly and End of Line, including how our skilled, diverse and dedicated team assembles our R1T, R1S and commercial vans. With Alexandras experience in mobility and self-driving services, she will bring a unique perspective to Rivians board during this transformational time in our industry., (Lincoln and Rivian announced their SUV program in January. The startup also has a contract to make 100,000 electric delivery vans for Amazon Prime and will expand to fill fleet orders for others. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. All SEC filings can also be accessed directly from the SEC website atsec.gov. It went public on the Nasdaq on Nov. 10, 2021 at an IPO price of $78.00, raising nearly $12 billion. Ford has invested more than $820 million in Rivian over two fundraising rounds. 1mo. You can view our recent press releases by visitingour Newsroom. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. English is director of Corporate Strategy for . She is an international leader, decorated diplomat, humanitarian and has led negotiations on trade, intellectual property, supply chains, technology, labor and the environment across the world. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. It is now a publicly traded company, but it had big name backers to get it to where it is today, notably Ford and Amazon, both of which had a vested interest. And Rivian went public on Nov. 10, 2021. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. May 1, 2020. Shares can be purchased through a stockbroker of your choice. Your email address will not be published. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Ford Motor Company is a global company based in Dearborn, Michigan. Ford Family Member Named to Board of EV Startup Rivian. Rivian is one of the most hyped IPOs in recent history. 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. Englishs move on to Rivians board seemingly signals the partnership is strong, and like many children of the Ford family, she is being given an increasing amount of responsibility. So what Last Friday, Wells Fargo analyst Colin Langan issued a note on Rivian, maintaining his neutral rating on shares, but lowering his price target from $32 to $18 -- flat relative to. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. 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. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). The following information was filed by Rivian Automotive, Inc. (RIVN) on Tuesday, February 28, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Investors Leadership . $16.92 (7.63%) $1.20 2 U.S. automaker's representative on Rivian's board. . Photo: Ford. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . And by offering products and services that inspire people to explore and enjoy our world, we hope to also inspire them to want to protect it. Its offerings include R1T, a two-row, five-passenger pickup truck, as well as the R1S, a three-row, seven-passenger sport utility vehicle (SUV). The R1 technology systems include vehicle electronics, battery, electric drive, chassis, Driver+, its advanced driver assistance system (ADAS), and digital user experience management. Governor Burt Jones, Speaker Jon Burns, Department of Economic Development Commissioner Pat Wilson, legislative leaders from both chambers, local elected and economic officials, and company representatives to celebrate the first-ever Rivian Day at the . Please select individual photos within album for download. At Rivian, were committed to showing that a successful business can also be good for the planet. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. The relationship between Ford Motor Co. and startup electric vehicle maker Rivian just got a little tighter as Alexandra Ford English was announced as the newest member of Rivians board of directors. Ford is also supplying some components, engineering and tooling to Rivian. Board Member Meati Foods . As for who owns it Rivian owns Rivian. 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. We'll keep you updated, but that's a very fundamental bet.". The stock opened at $106.75, above the initial public offering price of $78 per share, rose as high as $119 and closed at $100.73. She was officially elected to Ford's board in May and her exit from Rivian's board was in anticipation of that, a spokesman said. Schuster is also a member of the LMC Automotive board of directors. Global asset firm T. Rowe Price is also a large investor and other financial companies that invested prior to the IPO include Fidelity Management and Research Company, D1 Capital Partners, Third Point, Dragoneer Investment Group, Franklin Templeton, Blackstone, and Coatue. All rights reserved. We cant find the page you're looking for. 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. Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. . Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. Skip To Main. Download size exceeds 350 MB. Chief Executive Officer. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. REGISTER HERE. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. 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.". Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. Member of the Board of Directors Patagonia Mar 2013 - . But last March it halved that target to 25,000 amid. The Company is engaged in designing, developing, and manufacturing EVs and accessories. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. Harald Kroeger has resigned as a member of the Rivian Automotive, Inc. Board of Directors (the "Board"), effective December 20, 2022. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Does Rivian pay dividends and have a dividend reinvestment program? the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. Copyright 2023 Surperformance. It's not a transactional investment. In the commercial market, it offers Rivian Commercial Vehicle (RCV) platform. Required fields are marked *. 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Where can I find recent Rivians press releases? See here for a complete list of exchanges and delays. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; 2 U.S. automaker's representative on Rivian's board. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. See here for a complete list of exchanges and delays. In May, Ford chief product platform and operations officer Hau Thai-Tang called Rivian a strategic partner and said Ford was still looking at using Rivian's products. A Division of NBCUniversal. On which exchange is Rivian listed and what is the ticker symbol? Delayed Nasdaq High Resolution Photos Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. 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. Where can I find more information on Rivians products. It also offers FleetOS, a centralized fleet management subscription platform. Rivian has never declared or paid any cash dividends on our capital stock, and does not anticipate declaring or paying any dividends in the foreseeable future. Like what you see? Amazon owns about 20 percent of Rivian. Given the recent announcement of Mr. Kroeger's new roles with another company effective January 1, 2023, the Board concluded that there were now potential conflicts of interest for Mr. Kroeger. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. We continue to see enormous growth and progress in every . Sponsored. DETROIT, Oct 12 (Reuters) - Ford Motor Co (F.N), which has repeatedly touted its strategic relationship with electric vehicle maker Rivian, no longer has a representative on the startup's board of directors ahead of its going public. Move Control L. Move Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. BEN KLAYMAN. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC.