article thumbnail

Rivian Cuts Workforce By 10%, Doesn’t Expect To Sell More EVs This Year

Carscoops

advertisement scroll to continue However, the CEO reiterated the company’s commitment to the full electrification of the automotive industry. Rivian also projected an adjusted loss before interest, taxes, depreciation, and amortization of $2.7 Rivian reported a fourth-quarter net loss of $1.52

article thumbnail

Why are you in business anyway?

Canadian Auto Dealer

What is the overriding goal of your automotive dealership? In many ways, the calculation of operating cash flow closely represents EBITDA (Earnings Before Interest Taxes Depreciation & Amortization). What are you really trying to accomplish? Owners who carve this ethos into their company will run a healthier business.