Rivian and Mercedes-Benz have paused plans to produce electric commercial vans in Europe just three months after the two automakers announced the partnership.
Rivian shares fell as much as 3.4% before rebounding slightly. Rivian shares are trading at $26.62, down 2.46% since the market opened.
Mathias Geisen, head of Mercedes-Benz Vans, said the collaboration with the Rivian team has been based on a common engineering passion and a strong spirit of partnership. “That’s why I respect and understand the decision of Rivian to prioritize the delivery of their consumer business and exis
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