Rivian Cuts Electric Vehicle Production Forecast, Reports Huge Loss
Monday, March 14th, 2022
Rivian, which plans to build a $5 billion factory east of Atlanta, said late Thursday that the global supply chain crisis will severely curtail the number of electric vehicles it produces this year.
The California-based company also said its losses continued to mount last year, due primarily to higher costs for research, ramping up production and employee compensation.
Read more at AJC.
