The automaker's plans underscore the vulnerability of sprawling supply chains that have been tested by the pandemic and geopolitical tensions, casting uncertainty over businesses.
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U.S. inventory vehicle levels ticked down in July to 1.02 million, despite a slowing sales rate, as automakers continue to struggle with production and supply issues.
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Rivian is betting on supply-chain improvements to increase production with a second shift at its Normal, Ill., plant.
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The CHIPS Act offers automakers hope that the semiconductor industry will move ahead to catch up with demand.
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Rivian reported second-quarter revenue tallied $364 million while the EV maker's net loss widened to $1.71 billion from $580 million a year earlier.
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The U.S. 6th Circuit Court of Appeals upheld a 2020 ruling that tossed out a racketeering lawsuit GM filed against rival Fiat Chrysler, now part of Stellantis.
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Subscription startup Autonomy announced that it placed orders Tuesday for 23,000 electric vehicles from various automakers
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A man was shot Wednesday in the parking lot of a Hyundai dealership in northern Georgia, reportedly the result of an argument with another man.
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Production of the four-cylinder gasoline engine that powers Mercedes-Benz's commercial vans will end next year.
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The U.S. business of Fiat Chrysler Automobiles and Harvey Weinstein agreed to end competing lawsuits over a 2019 crash in which the now-imprisoned former Hollywood movie producer flipped a Jeep Wrangler while trying to avoid a deer.
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