“The cascading impacts of the pandemic have had a compounding effect greater than anyone anticipated,” CEO R.J. Scaringe said in a letter to customers.
Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., is pushing back plans to start production of its debut vehicle, which was supposed to begin this month, until September. The startup also shifted the timeline for its second planned model, an electric sports-utility vehicle, from August until an unspecified time in the fall, Rivian said in a letter to customers on Friday. It cited a shortage of component supplies for the delay. “The cascading impacts of the pandemic have had a compounding effect greater than anyone anticipated,” Chief Executive Officer R.
