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EV automaker Rivian has agreed to pay $250 million to settle a 2022 class-action lawsuit
Rivian, a U.S. EV manufacturer, just agreed to pay $250 million to settle a class-action lawsuit filed in 2022 by some shareholders over alleged IPO underpricing fraud. The Irvine, California-based au...
1 min
Rivian cuts 600 jobs, marking a second layoff amid weak EV market conditions
Rivian Automotive (RIVN.O), an electric vehicle manufacturer, is implementing another round of layoffs that will impact around 600 employees, or about 4% of its staff, in an effort to reduce expenses....
1 min