Rivian (RIVN) is dropping its vp of producing, Tim Fallon, to Jeep, Dodge proprietor Stellantis (STLA) to spearhead its upcoming EV offensive within the US.
Rivian loses EV manufacturing boss to Jeep, Ram
For the previous two years and 7 months, Fallon has helped Rivian scale the output of not one however three electrical autos.
Earlier than that, Fallon labored for Nissan for 16 years in numerous plant supervisor roles, together with vp at its Canton Meeting Plant in Mississippi.
Fallon is now pursuing a brand new alternative, in response to an inside e mail despatched to workers from CEO RJ Scaringe, considered by Bloomberg. A Rivian spokesperson confirmed the departure, saying, “We’ve had totally different leaders as we strategy totally different ranges of scaling our enterprise.”
“We’re positioning the group construction for the longer term,” the spokesperson added. Fallon is the newest of a string of high-level leaders who’ve left the corporate lately.
Fallon will be a part of Stellantis as head of producing in North America, efficient September 2. The transition comes as Stellantis prepares for its EV offensive within the US.
In the meantime, Carlo Materazzo will lead Rivian’s manufacturing within the interim. Rivian introduced on Materazzo, a former Stellantis exec, final November.
Stellantis preps for brand new EV launches within the US
Stellantis is launching the primary Jeep, Dodge, and Ram electrical autos within the US within the coming months.
Jeep unveiled the all-electric Wagoneer S this summer time. The electrical luxurious SUV is redesigned with a brand new illuminated grille and different design upgrades for the fashionable age.
Powered by the STLA Massive platform, Jeep’s EV will get over 300 miles vary and as much as 600 horsepower. It might additionally quick cost(20% to 80%) in 23 minutes.
The inside is loaded with Jeep’s newest tech, together with a “best-in-class” show setup with 45″ of display house.
Forward of its official launch later this yr, Jeep is placing the electrical SUV by means of the paces in New Zealand for chilly climate testing.
The Jeep Wagoneer S Launch Version begins at $71,995 and is anticipated to hit US dealerships this fall. In 2025, it would roll out globally. Jeep’s electrical SUV is anticipated to rival the Rivian R1S and Tesla Mannequin Y within the US.
One other Stellantis model, Dodge, revealed costs for its first EV earlier this month. The Dodge Charger Daytona EV will begin at $59,595. The 670 hp Scat Pack mannequin will begin at $73,190.
The electrical Charger Daytona seems to be, drives, and appears like a Dodge, CEO Matt McAlear mentioned. Dodge claims the Scat Pack mannequin maintains its throne because the “World’s quickest and strongest muscle automobile” with a 0 to 60 mph dash in 3.3 seconds. The primary Charger EV fashions are additionally anticipated to hit US dealerships by the tip of 2024.
Ram’s first electrical pickup, the RAM 1500 REV, can be deliberate to start rolling out within the fourth quarter of 2024.
Whereas Stellantis is gearing up for a brand new EV offensive within the US, Rivian has its personal ambitions. After main upgrades at its Regular manufacturing plant in April, Rivian expects drastic enhancements in effectivity and output.
Rivian produced simply 9,612 autos within the second quarter because of the shutdown. Nevertheless, it stays on observe to hit its 57,000 manufacturing objective in 2024.
The EV maker additionally gained approval for a large plant growth in Regular this week because it prepares for its smaller, extra inexpensive R2.
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