RIVIAN LAYS OFF 200 WORKERS, JOINS GM AND VW IN EV PULLBACK FROM TAX CREDIT REPEAL
https://media.zenfs.com/en/automotive_news_105/412678cfb6cbaf504f31da9b093fabb0
✍️ Rivian is cutting about 200 jobs as it retools its Normal, Ill., factory for production of the less expensive R2 crossover next year.
👉 Rivian is cutting about 200 jobs, representing less than 1.5% of its workforce 👉 The company is retooling its Normal, Ill., factory for production of the less expensive R2 crossover next year 👉 Rivian expects lower electric vehicle sales in the fourth quarter due to the repeal of the federal tax credits 👉 The company is under pressure to cut costs amid steep financial losses and rising costs from tariffs
-- #Normal,Ill. #SpringHill,Tenn. #Chattanooga #business
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