Rivian will pay $250M to settle lawsuit over R1 price hike
Electric vehicle manufacturer Rivian has committed to a payment of $250 million to resolve a legal challenge concerning its earlier revisions to the pricing of its R1 series vehicl
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Rivian Agrees to Pay $250 Million to Settle R1 Price Adjustment Lawsuit
Electric vehicle manufacturer Rivian has committed to a payment of $250 million to resolve a legal challenge concerning its earlier revisions to the pricing of its R1 series vehicles.
This significant financial agreement brings an end to the lawsuit that arose following the company's decision to increase the cost of its R1T pickup trucks and R1S SUVs.
The settlement aims to conclude the ongoing legal proceedings stemming from dissatisfaction over the contentious price hikes applied to its flagship electric models.
