As the saying goes, if you want the job done right, sometimes you have to do it yourself.
Rivian founder and CEO RJ Scaringe is taking the reins of product development at his electric vehicle (EV) startup.
As reported by TechCrunch, chief product officer Nick Kalayjian is moving to the role of executive vice president of vehicle engineering and propulsion where he’ll still report to the CEO, before transitioning to a product and technology advisory role.
The move was revealed in a regulatory filing to the US Securities and Exchange Commission.
CEO RJ Scaringe (centre) at Rivian’s Illinois factory Credit: CarExpert
“On November 20, 2023, Rivian Automotive, Inc. (the “Company”) announced changes in the product organization with Dr. Robert Joseph Scaringe, the Company’s Chief Executive Officer (the “CEO”), assuming direct responsibility for all product functions,” reads the filing.
“The product reporting structure includes Software, Autonomy, Design, Vehicle, Electrical, Propulsion, and Programs.”
TechCrunch reports Mr Kalayjian will focus on the development of Rivian’s next-generation Peregrine platform, intended for smaller, more affordable EVs.
The company’s R2 line of vehicles is due in 2026, and will be built at a new factory in the US state of Georgia with an annual production capacity of 400,000 vehicles.
Supplied Credit: CarExpert
“Over the last few months, I’ve taken time to Zoom Out and have been talking with RJ to understand how my involvement could continue to allow me to have an impact while letting me step back from my existing role,” said Mr Kalayjian in an internal email obtained by the outlet.
“My desire to make changes aligns perfectly with RJ’s desire to redirect more of his time and energy toward Product leadership.
“I have never met anyone in my life or career who is a better mix of engineer and visionary product leader than RJ.
“I know that him spending more time working with our Product teams will create significant value for all of us and our shareholders.”
Supplied Credit: CarExpert
Other leadership changes include the company’s vice president of propulsion, Richard Farquhar, moving to the role of senior vice president of future R&D.
The company’s vice president of charging, energy and adventure products, Paul Frey, will also assume responsibility for battery development.
Rivian started deliveries of its first vehicle, the R1T ute, in late 2021. It subsequently introduced the related R1S, while it also produces an electric delivery van for Amazon.
It became publicly listed in November 2021, with shares originally priced at around US$78 and even briefly reaching US$172. By November 2023, share prices had declined to around US$15 each, though they’ve ebbed and flowed throughout the year.
Supplied Credit: CarExpert
The Wall Street Journal reported last month the company is losing roughly US$33,000 (A$51,000) on every vehicle it sells as it tries to scale up.
In just two years, the company reportedly burned through half of its US$18 billion ($A28bn) backing, and Rivian has continued to burn over US$1 billion (A$1.5bn) a quarter at the end of the June.
Though Rivian aims to produce 54,000 vehicles this year, its Normal, Illinois factory is only running at one-third of its full capacity, with analysts and former employees noting its vehicles are complex to produce and many of its supply contracts were signed at above-market rates.
News Related
-
Hyundai’s more expensive new i30 hatchback won’t arrive in Australia until the third quarter of 2024. Hyundai Australia chief operating officer John Kett last week confirmed the new European-made hatch’s arrival time. That leaves Hyundai without what’s arguably its best-known car, and half of its best-selling line alongside the newer ...
See Details:
When more expensive, more efficient Hyundai i30 hatch hits Australia
-
Great Wall Motors (GWM) Australia is advertising a range of special drive-away offers on its GWM Ute range until December 31, 2023 as part of a 2023 plate clearance campaign. The drive-away deals represent savings of up to $4000, depending on the variant, and apply from the entry-level Cannon 4×2 ...
See Details:
Deals on wheels: GWM Ute drive-away offers
-
The Albanese Government won’t deliver on its promise to take another next step towards introducing fuel efficiency standards locally in 2023. Scott Nargar, senior manager of future mobility and government relations at Hyundai Australia, confirmed the news to CarExpert on the back of conversations with Minister for Climate Change and ...
See Details:
Delays put Australian fuel efficiency standards on the rocks
-
It’s just after midday on a pleasant Thursday. The alfresco area at Good Company, the Three Pound Group pub nestled between Karrinyup Westfield and the sprawling car park, is speckled with groups of mums, with bubs, enjoying a husband-free wine and share plate. A couple of older ladies indulge in ...
See Details:
Good Company among WA’s best shopping centre pubs
-
LeBron James museum opens up in Akron, Ohio LeBron James' Home Court, a museum about the star's career, opens in Ohio. ByGMA Team November 26, 2023, 9:32 PM LeBron James was back in Cleveland Saturday night as James' Los Angeles Lakers defeated his former team, the Cleveland Cavaliers. Still, the ...
See Details:
LeBron James museum opens up in Akron, Ohio
-
Dozens of Queensland residents claim the small country town they live in is getting bankrupted by a single speed camera. The Guardian reports residents of Malanda, roughly 115 kilometres south-west of Cairns, have received a litany of speeding fines in recent months from a portable speed camera. State MP Shane ...
See Details:
Small QLD town bands against mobile speed camera, class action mooted
-
The streets of Northbridge transformed into a burst of colour as thousands of Perth people turned out for the Seven West Media Pride Parade. With this year’s theme, Be Brave, Be Strong, Be You, participants and guests were all that and more as they arrived dressed for the occasion. Glitter ...
See Details:
Camera IconNorthbridge comes alive with colour for Pride Parade and Festival
-
Not even Nissan’s iconic Skyline can avoid the electric vehicle (EV) tide. Best Car Web reports the Skyline will go all-electric for its next generation, but contrary to previous reports, it won’t be reborn exclusively as an SUV. The next Skyline will reportedly be a 330kW electric fastback, which could ...
See Details:
Nissan Skyline going electric-only after almost 70 years - report
-
-
-
Not even Nissan’s iconic Skyline can avoid the electric vehicle (EV) tide. Best Car Web reports the Skyline will go all-electric for its next generation, but contrary to previous reports, it won’t be reborn exclusively as an SUV. The next Skyline will reportedly be a 330kW electric fastback, which could ...
See Details:
Genesis' BMW X3 rival gets rugged off-road makeover
-
Not even Nissan’s iconic Skyline can avoid the electric vehicle (EV) tide. Best Car Web reports the Skyline will go all-electric for its next generation, but contrary to previous reports, it won’t be reborn exclusively as an SUV. The next Skyline will reportedly be a 330kW electric fastback, which could ...
See Details:
How to make a Hummer even flashier: strap a Rolls-Royce on top
-
Not even Nissan’s iconic Skyline can avoid the electric vehicle (EV) tide. Best Car Web reports the Skyline will go all-electric for its next generation, but contrary to previous reports, it won’t be reborn exclusively as an SUV. The next Skyline will reportedly be a 330kW electric fastback, which could ...
See Details:
Thousands of vulnerable Australian drivers in limbo after rule change - report
-
Not even Nissan’s iconic Skyline can avoid the electric vehicle (EV) tide. Best Car Web reports the Skyline will go all-electric for its next generation, but contrary to previous reports, it won’t be reborn exclusively as an SUV. The next Skyline will reportedly be a 330kW electric fastback, which could ...
See Details:
Kaley Cuoco says daughter Matilda's 'first Thanksgiving was perfect'
OTHER NEWS
Volkswagen Group China Technology Company (VCTC) has announced it will develop a range of entry-level electric cars priced between ¥140,000 (A$30,400) to ¥170,000 (A$37,000) for the Chinese market. Reuters reports ...
Read more »
Wait times for new vehicles are getting shorter at Hyundai Australia, and its SUVs in particular are in strong supply. The company says that on average, existing orders are expected ...
Read more »
Re-engineering company Lunaz Design is having another crack at its Aston Martin DB6 formula with a new, ultra-sustainable take on the classic coupe. Lunaz Design specialises in comprehensively restoring classic ...
Read more »
See Beyoncé's and the best looks from her 'Renaissance' premiere The singer's former Destiny’s Child bandmates were among the attendees. ByShafiq Najib November 26, 2023, 5:45 PM Beyoncé is truly ...
Read more »
The updated Hyundai i30 Sedan range is starting to make its way into Australian showrooms, and while we’ll have to wait for the more desirable Hybrid (HEV) and turbocharged N ...
Read more »
As we mark the 10th National Asbestos Awareness Month this November, a stark reality confronts us — an estimated one-third of Australian homes contain potentially hazardous asbestos. The annual toll ...
Read more »
How to recreate the 'Friends' moist maker Thanksgiving sandwich Jessie James Decker shared the Thanksgiving sandwich from her cookbook. ByKelly McCarthy November 24, 2023, 4:01 AM Jessie James Decker has ...
Read more »