Rivian reports Q1 net loss of $541 million, cuts 2025 delivery guidance on tariffs
Rivian reported a first-quarter sales decline of 36 percent, citing fewer commercial van deliveries. A Rivian R1T pickup is shown in San Francisco. (LAURENCE ILIFF/AUTOMOTIVE NEWS)
Ford is hiking prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following President Donald Trump‘s tariffs.