On the call with me today are chairman and CEO, Darius Adamczyk; and senior vice president and chief financial officer, Greg Lewis. Segment margin expanded 190 basis points to 20.4%, driven by the impact of higher sales volumes.
KMB earnings call for the period ending June 30, 2021.
(Bloomberg) -- Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc. and Ford Motor Co., said Friday it raised $2.5 billion as it prepares to debut its plug-in pickup and sport-utility vehicle this fall.The latest round of funding brings the total amount of capital Rivian has raised to $10.5 billion, it said in a statement. The extra cash comes just after the Irvine, California-based automaker revealed a delay in the launch of its new models and as it looks to establish a