On heels of $5B announcement with VW, Rivian reveals new production figures

Here is what you need to know about the company’s second quarter: Rivian produced 9,612 vehicles during the three months ending in June, a 31% decrease from both a year ago and last quarter. The manufacturing decline was anticipated because company leaders said production in Normal, Illinois, would be altered to incorporate various cost-cutting measures and technology improvements. Production is expected to increase during the second half of the year in order to meet the company’s goal of building 57,000 vehicles this year. The Illinois factory has a production capacity...