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Deteriorating economic conditions put the plans on hold.
In this video, I will talk about Rivian's (RIVN 6.10%) decision to cancel its initial plan to make battery electric delivery vans with Mercedes-Benz Group and its decision to open an R&D space in Serbia.
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*Stock prices used were the closing prices of Dec. 9, 2022. The video was published on Dec. 12, 2022.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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