Rivian Looking To Break Amazon Exclusivity Deal And Sell Delivery Vans To Other Customers | Carscoops carscoops
. A Rivian spokesperson said, though, that both it and Amazon are “navigating a changing economic climate.”
Earlier this year, Amazon laid off 18,000 workers and is pausing construction on its second headquarters following a drop in e-commerce sales. Rivian, too, has been forced to implement layoffs as it seeks to save money.In September, the automaker agreed to a partnership with Mercedes to use a common production line to make electric delivery vehicles in Europe.
Further troubling the company, its shares fell last month after it said it planned to make 50,000 vehicles this year, which was below the estimates of investors. It is unclear how Amazon’s small order will affect the company’s actual delivery targets. Whether breaking out of its exclusivity deal will help the company sell to other customers remains to be seen.
Investors are wary about the move so far, with shares falling three percent in pre-market trading. Amazon doesn’t seem opposed to it, though. In comments to
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon and Rivian are in talks on ending their exclusivity agreement: WSJAmazon.com Inc. and Rivian Automotive Inc. are in talks on ending their exclusivity agreement, the Wall Street Journal reported Monday, citing people...
Read more »
WSJ News Exclusive | Amazon, Rivian in Talks to End Exclusivity Part of Delivery-Van PactAmazon and Rivian are in talks to scrap the exclusivity part of their electric-van deal, allowing the auto maker to sell to others, after the technology giant’s order for 2023
Read more »
Amazon and Rivian’s exclusive deal for electric vans might not last much longerAmazon reportedly ordered fewer vehicles than expected.
Read more »
Rivian, Amazon in talks to end exclusivity part of electric van deal - WSJElectric-vehicle maker Rivian Automotive Inc and its largest shareholder Amazon.com Inc are in talks to end the exclusivity part of their electric van deal, the Wall Street Journal reported on Monday citing people familiar with the matter.
Read more »
This Guy Sold His Rivian R1S For A Tesla Model Y: Find Out WhyThe Rivian R1S is a great electric SUV, and this owner loved it. However, it made too much sense to sell it after one month and get a Tesla Model Y instead.
Read more »
Rivian Promises Massive Wave Of Deliveries In The Coming MonthsRivian has announced that a significant increase in deliveries will take place over the coming months.
Read more »