RJ Scaringe

Huge compensation agreements for the CEOs of Rivian and Tesla may not be excessive even though they range from several billion to a trillion dollars, according to an expert from ISU's College of Business.

The board of electric automaker Rivian has restructured the pay package for Chief Executive Officer RJ Scaringe that could net him $4.6 billion over the next decade.

Trump administration trade and regulatory policy initially hurt Rivian. Changes in the administration stance may now help some.

The head of electric vehicle maker Rivian says the future is not just EVs, it’s artificial intelligence and autonomous vehicles. And it’s coming sooner than you might think.

The electric automaker Rivian confirmed Thursday it’s cutting hundreds of positions – about 4.5% of its companywide workforce. That would be about 600 jobs. It's unclear how many of those jobs are in Normal; a Rivian spokesperson said no manufacturing operations employees are impacted.

The stakes are high for Rivian in Georgia. The plant will make new lower-cost models, called R2 and R3, that will be key to Rivian’s long-term ability to turn a profit. And it’s being built at a time of increased hostility toward EVs from the Trump administration.

Rivian founder and CEO RJ Scaringe on Saturday told graduating students at his alma mater to stay idealistic and curious and to “tune out the noise” ‒ and that life’s biggest challenges are when you learn the most.

Rivian, Bloomington-Normal's largest manufacturer, is one of many firms scrambling to figure out how to adjust to a higher tariff environment likely to come from a second Trump administration.

Rivian Vice President of Manufacturing Tim Fallon is leaving the electric automaker. Fallon is going to take over North America manufacturing operations at Stellantis, according to multiple media reports.

Rivian and Volkswagen have signed a deal on a joint venture. The two companies will share electric vehicle architecture and software.