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Archive for the ‘Rivian’ Category

Amazon Becoming Lead Investor in Rivian

Rumored GM investment could yet follow.

by Paul A. Eisenstein on Feb.15, 2019

The Rivian R1T pickup will boast 400 miles range, according to the company.

Just a week after announcing a major investment in an autonomous vehicle development company, online retailer Amazon said Friday it will become the lead investor in a new, $700 million round of financing for Rivian, the Detroit-based battery-electric company.

Rivian is in the final stages of developing two all-electric models, the full-size R1T pickup and R1S sport-utility vehicle. It is aiming to challenge not only electric vehicle rival Tesla but the established Detroit automakers that have long dominated the full-size pickup market.

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Rumors of a deal between Amazon and Rivian began to circulate earlier this week, though some reports had suggested that General Motors would also come up with some financing. Sources tell TheDetroitBureau.com that this remains a possibility and suggest that Rivian could have more announcements coming. The automaker has scheduled a news conference for the New York International Auto Show in mid-April. (more…)

EV Truck Maker Rivian Reportedly in Talks with Amazon and GM

Deal could be announced this month, according to Reuters.

by Paul A. Eisenstein on Feb.12, 2019

Rivian founder RJ Scaringe showed off the the R1T all-electric pickup at the LA Auto Show.

Battery truckmaker Rivian Automotive is reportedly in negotiations with both Amazon and General Motors on a deal that could be worth as much as $2 billion.

The deal would give the two companies a minority stake in Rivian, a start-up based in the Detroit suburb of Plymouth, according to a report on Reuters.

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The proposed deal could help GM, in particular, add a battery-electric pickup to its line-up, something archrival Ford Motor Co. has said that it is already working on. A senior executive at GM last month told TheDetroitBureau.com that the carmaker is “considering” an all-electric truck.

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Exclusive: GM Looking to Add to Growing List of Electric Pickups

Electric drive could deliver major hp, torque increases.

by Paul A. Eisenstein on Jan.24, 2019

The GMC Sierra is one of the trucks GM is "considering" for electrification.

General Motors is “considering” options for adding an electric pickup to its line-up, a senior executive told TheDetroitBureau.com, a move that would see it join an expanding list of other manufacturers who are developing all-electric trucks.

How far along the project has gotten is unclear, but it appears to fit into the broader “path to an all-electric future” that GM CEO Mary Barra outlined last March. It would also allow the Detroit automaker to challenge its cross-town rival Ford which announced its own plans for a battery-electric pickup this month, as well as several upstart competitors, Tesla and Rivian.

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Electrifying!

“Certainly, it’s something we’re considering,” Duncan Aldred, the vice president of the GMC brand, said during an interview in San Diego, where the “professional grade” brand was previewing several new products this week, including the off-road AT4 version of the big GMC Sierra pickup.

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Ford Follows Tesla, Rivian with Plans for All-Electric F-Series Pickup

Both battery-electric and hybrid models in development, confirms Farley.

by Paul A. Eisenstein on Jan.21, 2019

Ford's Jim Farley says the automaker will produce a battery-electric version of the F-Series pickup.

Facing challenges to its most profitable product line from two automotive upstarts, Ford Motor Co. says it will electrify its hugely popular F-Series pickups.

The Detroit automaker had already confirmed that a hybrid version of the country’s best-selling nameplate was in development, but Jim Farley, Ford’s president of Global Markets, took things a step further during an auto industry conference hosted by Deutsche Bank, indicating the carmaker would also add an all-electric version of the F-Series. The announcement comes as both Tesla and suburban Detroit-based start-up Rivian prepare to bring battery-electric pickups of their own to market.

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“We’re going to be electrifying the F-Series — battery electric and hybrid,” Farley said during the Deutsche Bank Global Automotive Conference in Detroit. (more…)

Faraday Future Furloughs More Employees

Company blaming Chinese investor for woes.

by Michael Strong on Dec.05, 2018

A large portion of Faraday's workers have been furloughed, those remaining taking pay cuts.

After a lengthy silence, financially challenged EV maker Faraday Future issued a tweet reconfirming its commitment to build its FF 91 model, while warning if an infusion of cash doesn’t arrive soon that could change. The company noted a round of layoffs are on tap as well.

In mid-November, the company was assumed dead before some churn at the top of the company’s management structure lead to founder Nick Sampson departing the company and the new leadership team announcing the company would come back.

Dig Deeper!

Today’s Twitter missive laid the blame for their current financial issues squarely at the feet of Chinese investment firm, Evergrande Health. (more…)

10 Best of the LA Auto Show

Cars, trucks, crossover and concepts worth a second look.

by Paul A. Eisenstein on Dec.03, 2018

The long-awaited Jeep Gladiator pickup made for one of the splashiest debuts at the LA Auto Show.

We’ve been to some dud auto shows over the last year. The Paris Motor Show, which kicked off the 2019 model-year, couldn’t even fill up a half day on the media calendar, and the Detroit Auto Show didn’t stretch much further. But this year’s Los Angeles Auto Show delivered some sweet surprises with its mix of cars, trucks, crossovers and concepts.

As we’ve come to expect from the Tinseltown extravaganza, there were plenty of green machines making their first appearance at the Los Angeles Convention Center, but these weren’t the sort of slow and stodgy sedans and quirky hatchbacks of years past, covering a broad swath of territory including electrified SUVs, pickups and sports cars. And there were plenty of promising products that fell into more conventional categories.

Auto Show News!

Here’s an alphabetical look at 10 of our favorite debuts at the 2018 Los Angeles Auto Show:

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