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

Carscoops

The company expects to build 57,000 vehicles this year, the same number of EVs that it managed to produce throughout 2023. Rivian also projected an adjusted loss before interest, taxes, depreciation, and amortization of $2.7 According to Reuters , analysts had anticipated the brand to manufacture over 81,000 vehicles in 2023.

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Why are you in business anyway?

Canadian Auto Dealer

In many ways, the calculation of operating cash flow closely represents EBITDA (Earnings Before Interest Taxes Depreciation & Amortization). Time and time again we see poor management decisions resulting in a large variance between revenues, profits and ultimately cash flow. Isn’t that the reason people get into business anyway?