Rivian names former Magna unit executive as operating chief – Reuters
The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino
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March 14 (Reuters) – Rivian Automotive Inc (RIVN.O) has named Frank Klein, a former executive at Canadian auto parts maker Magna International’s (MG.TO) unit, as its chief operating officer, at a time when the electric carmaker has warned on its 2022 production forecast.
During his tenure at the Austria-based unit, Magna Steyr, Klein oversaw its shift to the electric mobility manufacturing space, including the production of the first electric vehicle made by a contract manufacturer, Rivian said on Monday.
He previously served in various management positions at German carmaker Daimler AG for nearly three decades and was responsible for setting up the Mercedes-Benz plant in Kecskemét, Hungary.
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Klein will be based in Normal, Illinois, where Rivian currently produces its vehicles. The company last year said it would locate its second U.S-based manufacturing facility in Georgia. Production at the Georgia plant is slated for 2024.
Rivian last week said supply-chain issues could cut its planned production in half in 2022 to 25,000 vehicles. read more
Klein succeeds Rod Copes, who retired in December.
Amazon-backed Rivian recently raised its prices by 20%, but rolled them back for orders booked before March 1 following a backlash. read more
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Reporting by Eva Mathews and Tiyashi Datta in Bengaluru
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