Rivian taps Volvo executive as COO ahead of new-model launch
The U.S. EV maker hired Volvo Deputy CEO Javier Varela as its new chief operations officer to help it scale output as it prepares to roll out a lower-cost model geared for the mass market.
Read moreMagna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it will “monitor (the) situation and will evaluate opportunities to further mitigate impact on our business.”
Read moreAudi's profit plunges by over €1B amid engine issues
Audi said "logistics and supply" headwinds affected deliveries of its cars with V-6 and V-8 engines.
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