No matter function the sneaker-wearing Gruner fills at Rivian, he must be expecting a problem.
Like alternative auto startups, Rivian is burning billions of bucks because it launches unused fashions and invests in manufacturing and distribution capability.
Rivian posted a $1.35 billion first-quarter web loss on earnings of $661 million. Its accumulation had let go 93 % of its worth this spring sooner than getting better on robust manufacturing facility output numbers this future.
The Amazon-backed automaker builds 3 cars in Customary, Sick., — an electrical supply van, a pickup and a crossover — and it’s operating on its after automobile platform, R2, designed for more economical fashions.
In the meantime, Rivian is development a sprawling $5 billion meeting plant related Atlanta life ironing out production problems at its Illinois manufacturing facility.
Gruner’s hiring may sign that Rivian is making ready to proceed past startup form, stated Ivan Drury, Edmunds’ insights director.
“Having a seasoned automotive veteran with intimate knowledge of selling high-end products will do wonders for the brand,” Drury stated.
However Gruner goes into his unused gig with seeing vast noticeable.
In a LinkedIn publish saying his proceed from Porsche, the chief wrote: “How can you leave Porsche??? A great team, a great brand, great products! But sometimes there is the next mountain to climb.”