An outcry from customers led Rivian’s CEO to backtrack on a hefty price increase that would have affected vehicles already ordered.
Originally, the increase would have applied to vehicles ordered before March 1.
"In speaking with many of you over the last two days, I fully realize and acknowledge how upset many of you felt," Rivian's CEO said.quickly backtracked from a plan to increase prices on vehicles that had already been ordered by customers. In a letter to stakeholders on Thursday, Rivian CEO RJ Scaringe acknowledged that Tuesday's price increases"broke the trust" that Rivian had hoped to build with its customers. He said the company's original prices will be honored for all preorders placed as of March 1.
Rivian had said on Tuesday that prices on quad-motor versions of its electric R1T pickup and R1S SUV would increase by about $12,000, and that the increase would be applied to pending orders as well as new ones."In speaking with many of you over the last two days, I fully realize and acknowledge how upset many of you felt," Scaringe wrote.Download our local news and weather app for
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NASDAQ 100 Forecast: Index Rolls Back OverThe NASDAQ 100 initially tried to go higher on Tuesday but pulled back rather significantly to close towards the bottom of the candlestick.
Read more »
Rivian price hike hits pre-orders, angering existing customersRivian's recently announced price hike will extend to customers who have already placed orders. They have the option to change or cancel entirely.
Read more »
Rivian announces dual-motor R1T and R1S, increases prices by up to $12kThe new Rivian R1S and R1T dual-motor, smaller battery pack base models now cost about as much as the quad-motor models with a larger battery pack.
Read more »
Rivian has altered the deal, and now its EVs will cost buyers up to $20K moreThe preorder bonus for Rivian’s EV is a $20K price hike.
Read more »
Rivian Configurator Reveals New Pricing DetailsRivian has announced significant price increases on its R1T electric pickup truck even before full production gets started.
Read more »
Rivian hikes the base price of its quad-motor R1T pickup by $12,000 | EngadgetRivian has raised the original $67,500 base price of its quad-motor R1T electric pickup with large battery packs to $79,500..
Read more »