article thumbnail

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

Carscoops

Rivian also projected an adjusted loss before interest, taxes, depreciation, and amortization of $2.7 While we will soon see the new R2 in the flesh, it will be quite some time until they reach the hands of customers. According to Reuters , analysts had anticipated the brand to manufacture over 81,000 vehicles in 2023.

article thumbnail

Why are you in business anyway?

Canadian Auto Dealer

Why are you grinding it out every day, dealing with customer issues, employee matters and OEM demands? Things like over purchasing inventory, not collecting receivables (OEM, warranty and customer) and sheer over spending on headcount, advertising, IT and the like will deplete your cash flows very quickly. This list can go on and on.