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At the very least, Rivian is proving to be a good investmentFord's stake in Rivian is about 13 percent, and the roughly $1.2 billion invested was worth about $9 billion when trading began. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. We continue to see enormous growth and progress in every . Watch as Rivian founder and CEO RJ Scaringe walks you through each shop to explain how we're making progress in producing electric vehicles at scale. 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 public offering. We'll keep you updated, but that's a very fundamental bet.". 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. See here for a complete list of exchanges and delays. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. The company has numerous challenges ahead as it attempts to grow its business. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. It was also to be built by Rivian at the Normal plant. Anthony is the CEO of SoFi and serves on its board of directors. 459,846 followers. The R1 technology systems include vehicle electronics, battery, electric drive, chassis, Driver+, its advanced driver assistance system (ADAS), and digital user experience management. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. A Division of NBCUniversal. Michael Martinez. Download size exceeds 350 MB. Required fields are marked *. All SEC filings can also be accessed directly from the SEC website atsec.gov. Does Rivian pay dividends and have a dividend reinvestment program? 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. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. How can I get a copy of Rivian's Annual Report or any other Investor materials (i.e., Investor Relations kit, Form 10-K, Proxy Statement)? TheDetroitBureau doesnt stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting. 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. On which exchange is Rivian listed and what is the ticker symbol? (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). We'll keep you updated, but that's a very fundamental bet.". Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. English joined Ford Motor Company in 2017. In the commercial market, it offers Rivian Commercial Vehicle (RCV) platform. It's a strategic investment. As for who owns itRivian owns Rivian. Equity - Narrative (Details), Summary Of Significant Accounting Policies, Summary Of Significant Accounting Policies (Policies), Summary Of Significant Accounting Policies (Tables), Summary Of Significant Accounting Policies - Narrative (Details), Summary Of Significant Accounting Policies - Schedule Of Cash And Cash Equivalents (Details), Exhibit 4.3: Instruments Defining The Rights Of Security Holders, Including Indentures, Exhibit 21.1: Subsidaries Of The Registrant, Exhibit 23.1: Consents Of Experts And Counsel, Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification, https://last10k.com/sec-filings/rivn/0001874178-23-000009.htm. Move Control L. Move The move higher materialized as hype over electric vehicles continues to push auto stocks higher. icon-branding Events Icon Ford Motor, 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. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. Alexandra Ford English, a rising executive at Ford Motor Co. and great-great granddaughter of founder Henry Ford, has joined the board of directors at electric-truck maker Rivian Automotive Inc . 1mo. 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. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Ford employs approximately 188,000 people worldwide. Achieving this requires real innovation, collaboration and stewardship. There are also offices elsewhere in California, as well as Canada and the U.K. Scaringe plans to use the money raised in the IPO to expand his Rivian lineup to include more vehicles built on the R1 platform, a smaller R2 family of vehicles, Rivian-badged adventure or overland vans, as well as commercial vans for customers in addition to Amazon. Shares can be purchased through a stockbroker of your choice. Based on Rivian SEC documents released to the public on October 1, Ford executive Alexandra Ford English left the EV startup's board of directors in May 2021, a year after being appointed. Schuster is also a member of the LMC Automotive board of directors. October 13, 2021 11:45 AM. Let us know, wed love to hear your voice. REGISTER HERE. It also offers FleetOS, a centralized fleet management subscription platform. 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.. In . Robert J. Scaringe Chief Executive Officer Jiten Behl Chief Strategy Officer Young Doo Director of Mechanical Design, Electric Power Conversion Group Mark Vinnels Executive Director - Enginnering & Programs Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. 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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. Got a confidential news tip? 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. All quotes delayed a minimum of 15 minutes. Your email address will not be published. Org Chart Rivian - The Official Board Board N-1 N-2 CEO & Chairman Robert Scaringe Move Lead Director Karen Boone Move Director Jay Flatley Move Director Peter Krawiec Move Director Rose Marcario Move Director Sanford Schwartz Move Director Pamela Thomas-Graham Move CFO Claire McDonough Move Facilities J. The Company is engaged in designing, developing, and manufacturing EVs and accessories. Ford CEO Jim Farley has said the two automakers continue to work together, with mutual admiration and respect and a strategic vision that will play out over many years. Where can I find recent Rivians press releases? The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. As for who owns it Rivian owns Rivian. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. When Ford said in March that English would join Ford's board, its press release identified her as the No. 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. Who are the members of Rivians Board of Directors? Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. Ford has invested more than $820 million in Rivian over two fundraising rounds. 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. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. RIVIAN AUTOMOTIVE, INC. : Shareholders Board Members Managers and Company Profile | US76954A1034 | MarketScreener Log in Sign up Markets News Analysis Our Shows Stock Picks Portfolios Watchlists Rankings Screeners Tools Our Services Editor's note: This story has been updated to clarify that Ford . Download size exceeds 350 MB. A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. 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. Driving Cadillacs in Our Dreams: What Do the Rich Drive? 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. It also offers a portfolio of vehicle accessories, including all-weather floormats, camp kitchen, three-person rooftop tent, at-home Rivian wall charger, and others. Where can I find more information on Rivians products. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . May 1, 2020. ". Rivian has been hogging headlines. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); TheDetroitBureau.coms Headlight News offers a look at the past weeks top automotive news stories, as well as whats coming up in the week ahead. the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. May 01, 2020 Rivian and Ford Motor Co. announced that Alexandra Ford English will join Rivian's board of directors effective immediately. You can unsubscribe at any time. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 2023 CNBC LLC. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Equity - Fair Value Assumptions (Details), Stockholders??? It's not a transactional investment. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. All rights reserved. Who is Rivians independent registered public accounting firm? When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. You can view Rivians products by visitingrivian.com. Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/1874178/000187417823000009/rivn-20221231.htm. Heres the original story.). 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Get the latest business insights from Dun & Bradstreet. The CEO also wants a second plant to meet forecasted demand. Rivians independent registered public accounting firm is KPMG LLP. English currently serves as Ford Motor Company's director of Corporate Strategy. 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. Sorry, your email address is not recognized. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Rivian had originally planned to spend $2.6 billion for growth investments in 2022. Rivian Announces $350 Million Investment from Cox Automotive - Cox Automotive Inc. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. Chairman of the Board of Directors . 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. Ford vice president Doug Power replaced English in June, and left the board in September. Sign up for free newsletters and get more CNBC delivered to your inbox. We want to hear from you. Skip To Main. 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. TO VIEW CONTACT DETAILS PLEASE EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. DEARBORN, Mich., May 1, 2020 - Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. 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. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. Have some ideas for making The Detroit Bureau.com even better? Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Rivian Jan 2021 - Present 2 years 2 months. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information 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 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. It's not a transactional investment. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. 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. Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, S-1 Registration of Securities October 2021, Consolidated Balance Sheets (Parenthetical), Consolidated Statements Of Changes In Contingently Redeemable Convertible Preferred Stock And Stockholders??? Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The industry leader for online information for tax, accounting and finance professionals. Contact Information Website www.rivian.com Formerly Known As Mainstream Motors, Avera Motors Ownership Status Publicly Held Financing Status Formerly VC-backed Primary Industry Automotive Stock Exchange NAS Primary Office 14600 Myford Road Ford is also supplying some components, engineering and tooling to Rivian. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . REUTERS/Mike Blake. All quotes delayed a minimum of 15 minutes. 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. It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. See here for a complete list of exchanges and delays. -, Rivian stands by 2023 production target despite media report, Rivian Automotive Reportedly Plans to Produce 62,000 EVs This Year, Rivian Automotive Says 62,000 Electric Vehicles' Production Possible in 2023, THE BANK OF N.T. And Rivian went public on Nov. 10, 2021. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. At the time English was added, Rivian Chief Executive. 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. Rivian Automotive. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. See here for a complete list of exchanges and delays. Rivian is based in Irvine, California, but retains the Engineering and Design Center in Plymouth, Michigan, which at one point also served as headquarters until the decision was made to relocate the HQ to Irvine. Instructions on how to reset your password have been sent to the email you entered. High Resolution Photos Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. 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. Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. Chairman of the Board and Chief Executive Officer. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Rivian. You can obtain Rivians investor relations material in the Investors section of our website.