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Rivian Automotive

American automaker and automotive technology company

Also known as Mainstream Motors, Avera Automotive

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coverage spread: L100/C0/R0

Photo: U.S. Department of Justice — Wikimedia Commons / Wikimedia Commons

Volkswagen Engineers Charged in Rivian Insider Trading

The U.S. Department of Justice has charged two Volkswagen engineers, Michael Stamp and Marcus Plank, with securities fraud for insider trading tied to Volkswagen and Rivian’s joint venture, alleging they profited over $300,000 by buying Rivian stock and options on information about the project codenamed “Project Climb” before public announcement. Investigations note that Stamp and Plank sought illicit advantage despite knowing it was illegal, with Stamp researching insider-trading statutes days before the deal and a relative of Plank inquiring about punishment, as prosecutors underscore that such actions undermine fair markets and investor trust amid Rivian’s 23% stock rise following the announcement and Volkswagen’s investment plans moving up to $5.8 billion.

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Photo: Kevauto / Wikimedia Commons (CC BY-SA 4.0)

Rivian Sues U.S. Government for Full Tariff Refund

Rivian filed a federal lawsuit seeking a full refund of Trump-era tariffs it says raised production costs, aiming for tens of millions to bolster its cash as it scales the R2 and pursues profitability by 2028. The move follows a Supreme Court ruling that the tariffs were unconstitutional, with processing frictions at CBP creating delays in refunds that Rivian is trying to bypass via legal action.

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Key facts

Country: United States
Headquarters: Detroit
Inception: June 2009
Website: https://rivian.com

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