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HISTORICAL FACTS: Claire mcdonough | History Defined

GE Vernova lands Rivian’s CFO, leaving EV maker to find successor

GE Vernova is betting on the executive who helped take Rivian public.

Rivian's CFO Is Leaving The Company

Rivian's CFO Is Leaving The Company

Claire McDonough spent six years with the EV startup and leaves as it races to ramp up R2 sales.

Rivian Boosts Initial Georgia Plant Capacity To 300,000 Units

Rivian Boosts Initial Georgia Plant Capacity To 300,000 Units

The EV startup said production at its new factory is still on track to begin in 2028. Rivian will build vehicles on its midsized platform there.

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Rivian Has Started R2 Production. Customer Deliveries Are 'On Track' For This Spring

Production of the long-awaited Rivian R2 is officially underway in Normal, Illinois. Deliveries are 'on track' for later this spring.

Rivian R2 Production Starts With 20,000 To 25,000 Deliveries In 2026

Rivian plans to start R2 production in the second quarter, then ramp up toward the end of the year, its CFO said Thursday.

Rivian's R2 Plant Expansion Is 'Substantially Complete'

The EV startup said launch preparations for the R2 remain on track.

Rivian Slashed R1S, R1T Production Costs By A Massive Amount

Rivian turned a gross profit for the first time in the last quarter of 2024, which is a big deal for any car startup. In a QA with fans (and critics) of the company, Rivian Chief Financial Officer Claire McDonough explained the company is still losing money overall, but things…

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Rivian finally shows it can actually sell cars for more than the price it costs to build them

Rivian finally shows it can actually sell cars for more than the price it costs to build them

The EV manufacturer earned a $110 million gross profit at its core automotive business in the fourth quarter, a milestone achievement for CEO RJ Scaringe.

Rivian Says Policy Shifts Will Cost 'Hundreds Of Millions' This Year

Rivian Says Policy Shifts Will Cost 'Hundreds Of Millions' This Year

There are many reasons to be cautiously optimistic about Rivian's future. The startup said on Thursday that it turned its first quarterly profit at the end of last year. It has streamlined production and its plans to launch the affordable R2 are moving at full speed. And let’s be honest, Rivian…

CFOs have an essential role in innovation

CFOs have an essential role in innovation

Innovation requires resources. Chief financial officers have a large say in how the money is spent.

Auto Industry Begs U.S. To Block 'Cheap' Chinese EV Imports From Mexico

Auto Industry Begs U.S. To Block 'Cheap' Chinese EV Imports From Mexico

Can America fend off rising Chinese automakers like BYD before it's too late?

Rivian To Introduce Cheaper, Lighter Battery Pack In 2024: CFO

Rivian To Introduce Cheaper, Lighter Battery Pack In 2024: CFO

Claire McDonough said the new battery "takes thousands of dollars of costs out, additional mass out" and will be much easier to build.

First Rivian R2 Model To Be Revealed In 2024, Priced From $40,000

First Rivian R2 Model To Be Revealed In 2024, Priced From $40,000

Rivian’s first R2-based model will be a mid-size SUV crossover which could have a starting price of around $40,000 and a maximum retail price of $60,000, slotting right under the flagship R1S.

Rivian’s R2 Compact Electric SUV Will Be Smaller and More Affordable

Rivian’s R2 Compact Electric SUV Will Be Smaller and More Affordable

Rivian’s CFO teased that its next EV, the R2, will be a smaller SUV falling between $40,000 and $60,000 price range.

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Rivian Prioritizing R1S Production Over R1T: More Demand For SUV

Rivian is ramping up R1S production with demand for the electric SUV continuing to rise.

Tribune News Service

Top Rivian official says production ramp-up will spur profits by 2024

Rivian expects to drastically increase production of its flagship electric pickup truck next year, which a top executive said positions the startup to become profitable by the end of 2024.

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