: Rivian relocates engineers to Illinois factory, California HQ to increase production speed: report


EV maker Rivian Automotive Inc. RIVN, -0.66% is drawing its engineers from across the U.S. to its Illinois manufacturing plant or its California headquarters in order to boost vehicle production, according to The Wall Street Journal late Friday. During the COVID pandemic, Rivian, which went public in late 2021, hired many remote-work engineers from across the country; states like Michigan, Texas, and Virginia, according to the WSJ report, citing an unnamed source close to the plan. Shares of Rivian showed little reaction after hours, following a 0.7% decline to close at $13.62.

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