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Rivian agrees to settle shareholder lawsuit for $250 million

Rivian has agreed to settle a 2022 shareholder lawsuit. The automaker will pay out $250 million to qualifying investors if the agreement is approved. The lawsuit stemmed from alleged deception surrounding a March 2022 price hike for the R1S SUV and R1T truck.<br /> The class-action lawsuit alleges that Rivian misled investors around the time of its 2021 IPO. The core accusation is that the automaker failed to disclose that the R1s and R1T were initially priced lower than their production costs. Shareholders claim this made the eventual price increases inevitable, something they (understandably) believe Rivian should have shared.<br /> Rivian raised the base price of the R1S and R1T by $12,000 in March 2022. That initially included most reservations. However, the company quickly [...]

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Rivian R1S Gen 2 review: The rugged foundation of Rivian’s electric empire

Making electric cars from scratch is hard. Out of all the homegrown EV startups, Tesla is the only company that has broken through to the mainstream. Nikola was a scam. Canoo recently filed for bankru [...]

Match Score: 255.00

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Rivian sues Ohio DMV over partial ban on direct car sales

Rivian has filed a lawsuit against Ohio's Department of Motor Vehicles because of the state's partial ban on direct car sales, The Verge reports. The company says that the ban "reduces [...]

Match Score: 141.84

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How to watch Rivian's Autonomy and AI day and what to expect

Rivian is about to give the public and its investors another taste of its future with an event focused on autonomy and AI on December 11. The company's Autonomy and AI day starts at 12PM ET. You [...]

Match Score: 114.54

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Alphabet will pay $22 million to settle President Trump’s YouTube lawsuit

Alphabet will pay President Donald Trump $22 million as part of a settlement in a class action lawsuit brought against the company over the suspension of various YouTube accounts following the January [...]

Match Score: 108.23

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Rivian goes all in on 'universal hands-free' driving at its first Autonomy and AI day

EV automaker Rivian just held its inaugural Autonomy and AI day which, unsurprisingly, focused extensively on hands-free driving. An upcoming software update promises the introduction of "univers [...]

Match Score: 108.19

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Rivian unveils a new quad-motor R1 variant

Rivian has a new high-performance EV that you almost certainly don't need. On Tuesday, the automaker unveiled a quad-motor variant of the second-generation R1. The EV can do remarkable things, bu [...]

Match Score: 106.91

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X will pay ‘about $10 million’ to settle lawsuit over Donald Trump’s Twitter suspension

X has reached a settlement with President Donald Trump in a lawsuit over the president’s 2021 suspension from Twitter. The Wall Street Journal reports that the Elon Musk-owned company has agreed to [...]

Match Score: 99.99

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Rivian made an electric ambulance for Grey's Anatomy

America’s once-promising EV transition may have taken a U-turn, but at least some in Hollywood are trying to do their part. Rivian partnered with Grey’s Anatomy to make a custom electric ambulance [...]

Match Score: 99.27

Destination
Rivian adds Google Maps features to its navigation app

Rivian, the American EV manufacturer, is integrating Google Maps into its navigation app. The update should provide Rivian owners with more detailed information about their route, disruptions and plac [...]

Match Score: 91.64