Rivian Automotive Inc CEO R.J. Scaringe thinks suppliers are holding back, wondering if Rivian is using semiconductor shortages as an excuse to cover up more serious production problems.
Under this new partnership, the three entities will jointly work on creating a framework, which will cover transition planning and design for fleet electrification and the EV charging infrastructure market using Battery Swapping Technology.
BMW has been developing electric powertrains for far longer than its German brethren, yet its CEO remains against a quick transition towards EVs from internal combustion-based propulsion.
The idea of Musk working to close that deal, possibly by selling even more of his Tesla stake, and then overseeing yet another company has Tesla observers worried. Elon Musk targeted Twitter Inc on Thursday with a $43 billion takeover offer.
Japan's Subaru Corp has suspended shipment of some of its three main automobile models over an engine sensor malfunction and also plans to temporarily halt production of the models, the company said on Friday.
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