Volkswagen engineers charged with insider trading tied to Rivian joint venture
The indictment, which was unsealed Friday, alleges the Volkswagen engineers used confidential insider information to buy stock in Rivian.
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The indictment, which was unsealed Friday, alleges the Volkswagen engineers used confidential insider information to buy stock in Rivian.
The carmaker has said it's owed a refund in the "tens of millions of dollars."
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part.
The company now expects to ship a few thousand more vehicles by the end of 2026 than it previously expected, after launching its R2 SUV last month.
Plaintiffs in the class action complaint allege Rivian falsely promised for years it would bring hands-free driving to its first-generation R1 vehicles.
Plaintiffs in the class action complaint allege Rivian falsely promised for years it would bring hands-free driving to its first-generation R1 vehicles.
The company said the cuts were part of a restructuring meant to help scale to profitability. Rivian recently pushed back its profitability goal to invest in autonomy.
Founder and CEO RJ Scaringe has called it "maybe the most important thing we've launched to date."
Rivian's second EV is the sub-$60,000 R2, and it was worth the wait.
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part.
At least two owners have lost control of their vehicles after a critical suspension component broke. In both cases, the vehicles had been previously serviced.
The company has finally set a date for the first customer deliveries of what CEO RJ Scaringe has said is "maybe the most important thing we’ve launched to date."