Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

Rivian to launch hands-free driving system in 2025, CEO says

by
January 23, 2025
in Investing
0
Rivian to launch hands-free driving system in 2025, CEO says

(Reuters) – Electric-vehicle maker Rivian (NASDAQ:RIVN) plans to launch its advanced hands-free driver assistance systems in 2025 and its “eyes-off” systems in 2026, CEO RJ Scaringe said on Thursday.

The company also does not see substantial risk to its loan for a Georgia plant from U.S. President Donald Trump’s executive orders aimed at the EV industry.

Automakers have been competing in recent years to introduce more autonomous driving features such as lane-keep assist and adaptive cruise control into their vehicles.

Rivian’s Gen 2 vehicles are currently equipped with the “Rivian Autonomy Platform”, which assists drivers but still requires their continuous attention and control of the vehicle, similar to features offered by some other automakers.

Scaringe’s announcement comes amid heightened scrutiny of advanced driver assistance systems, as leading EV makers such as Tesla (NASDAQ:TSLA) pivot toward self-driving technology and robotaxis.

The U.S. National Highway Traffic Safety Administration earlier this month opened a probe into 2.6 million Tesla vehicles following reports of accidents involving a feature that allows users to remotely operate their cars.

Earlier in January, Rivian and the U.S. Department of Energy (DOE) finalized a loan agreement for up to $6.6 billion to help build the EV maker’s production facility in Georgia.

Trump on Monday revoked a 2021 executive order issued by his predecessor Joe Biden, which aimed to ensure that by 2030, half of all new vehicles sold in the U.S. would be electric.

In addition, Trump also called for ending a waiver that allows states to adopt zero-emission vehicle rules by 2035 and said his administration would consider ending EV tax credits.

This post appeared first on investing.com
Previous Post

Boeing forecasts bigger-than-expected quarterly loss on defense troubles, strike hit

Next Post

Morning Bid: BOJ decides – ‘dovish hike’ incoming?

Next Post
Morning Bid: BOJ decides – ‘dovish hike’ incoming?

Morning Bid: BOJ decides – ‘dovish hike’ incoming?

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

October 24, 2025
Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

October 24, 2025
White House responds to reports Trump named new ballroom after himself

White House responds to reports Trump named new ballroom after himself

October 24, 2025
Cruz ‘cannot support’ Trump’s Kuwait ambassador pick over Muslim Brotherhood remarks

Cruz ‘cannot support’ Trump’s Kuwait ambassador pick over Muslim Brotherhood remarks

October 24, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

    Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

    October 24, 2025
    Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

    Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

    October 24, 2025
    White House responds to reports Trump named new ballroom after himself

    White House responds to reports Trump named new ballroom after himself

    October 24, 2025
    Cruz ‘cannot support’ Trump’s Kuwait ambassador pick over Muslim Brotherhood remarks

    Cruz ‘cannot support’ Trump’s Kuwait ambassador pick over Muslim Brotherhood remarks

    October 24, 2025

    Top News

    Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

    Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

    October 24, 2025
    Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

    Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

    October 24, 2025

    Latest News

    • Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom
    • Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster
    • White House responds to reports Trump named new ballroom after himself

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.