Subscribe
Sales

Rivian reports 36% drop in Q3 sales, slashes full-year production forecast on parts shortage

Rivian
Rivian R1T pickups go down the production line in Normal, Ill. Rivian said it changed parts throughout the R1 platform and made new deals with suppliers to cut costs. (LAURENCE ILIFF)
LI
By:
Laurence Iliff
October 04, 2024 06:41 PM

Rivian Automotive's sales dropped by more than a third last quarter compared with the same period last year as the electric vehicle maker coped with a component shortage.

Featured Stories

Stellantis loses key U.S. lawsuit against supplier in pricing dispute
Stellantis loses key U.S. lawsuit against supplier in pricing dispute
Carvana is testing new-vehicle sales in Arizona. Here are 3 things to know.
Carvana is testing new-vehicle sales in Arizona. Here are 3 things to know.
Why you should apply to be a Best Dealership To Work For
Why you should apply to be a Best Dealership To Work For
Why some automakers see tariffs as their biggest threat yet
Why some automakers see tariffs as their biggest threat yet

Latest News

Nova Scotia, Manitoba scrap EV rebates for Tesla
Stellantis offers buyouts, retirement incentives to workers in Detroit, Toledo, Illinois
Daily 5 report for March 21: Ford Super Duty illustrates super tariff risks; what happened to the auto industry’s diversity scorecard
Stellantis loses key U.S. lawsuit against supplier in pricing dispute
Staying current is easy with newsletters delivered straight to your inbox.

See More in Sales

European car sales fall 3% in February despite gains at VW, Ford, BMW and Renault
February auto sales dip slightly, but consumer spending is up
Hyundai, Kia set 5th straight record sales in February; Ford, Toyota, Honda deliveries fall
Daily 5 report for Feb. 25: Good new cars under $30,000? Consumer Reports comes to the rescue
Staying current is easy with newsletters delivered straight to your inbox.