reorganization, expected to be announced soon, would mean those
working on manufacturing engineering would be asked to relocate
to central Illinois or its headquarters in Irvine, California,
according to the WSJ report.
"In terms of ramping production, it's helpful to have the
manufacturing and engineering teams closer to our facilities in
Normal as well as our headquarters in Irvine," a Rivian
spokesperson told Reuters, but declined to confirm if the
company was relocating teams.
Rivian, which makes R1T electric pickup trucks and R1S SUVs at
its factory in Normal, Illinois, in February forecast 2023
production below analysts' expectations as it grapples with
lingering supply chain snarls.
The electric-vehicle maker has been losing money on every
vehicle it builds, and narrowly missed its annual production
target of 25,000 units last year.
Investors have been unnerved by weakening demand for EVs as
interest rate hikes and fears of a looming recession creep in.
(Reporting by Akash Sriram in Bengaluru and Abhirup Roy in San
Francisco; Editing by Shilpi Majumdar)
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