{"id":10853,"date":"2023-11-08T01:46:12","date_gmt":"2023-11-08T01:46:12","guid":{"rendered":"https:\/\/zoominfinancial.com\/business\/live-news-asian-equities-edge-lower-as-fed-cautions-on-pause-in-interest-rate-rises\/"},"modified":"2023-11-08T01:46:12","modified_gmt":"2023-11-08T01:46:12","slug":"live-news-asian-equities-edge-lower-as-fed-cautions-on-pause-in-interest-rate-rises","status":"publish","type":"post","link":"https:\/\/zoominfinancial.com\/?p=10853","title":{"rendered":"Live news: Asian equities edge lower as Fed cautions on pause in interest rate rises"},"content":{"rendered":"
\n

Rivian plans to make an additional 2,000 vehicles this year, while cutting its full-year projection for adjusted losses to $4bn.<\/p>\n

The California carmaker said it would make 54,000 trucks and vans this year, rather than the 52,000 it forecast in August. <\/p>\n

It cited improvements in the supply chain and increased production of the motors it makes in-house.<\/p>\n

Rivian also said that diminishing costs meant it would record a $4bn adjusted loss, which excludes interest, taxes, depreciation and amortisation. At the start of the year, the company expected a $4.3bn adjusted loss.<\/p>\n

Rivian posted a $1.4bn net loss for the third quarter, compared with a net loss of $1.7bn a year earlier.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rivian plans to make an additional 2,000 vehicles this year, while cutting its full-year projection for adjusted losses to $4bn. 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