CNBC $RIVN news: Rivian pauses plans to make electric vans in Europe with Mercedes-Benz

:pushpin: Rivian said Monday it was pausing plans to manufacture electric commercial vans in Europe and would “no longer pursue” the agreement it made with Mercedes-Benz.

:pushpin: The U.S.-based electric vehicle manufacturer said it remains open to exploring future work with Mercedes-Benz “at a more appropriate time.”

:pushpin: Mercedes-Benz said Rivian’s decision would not impact the timeline of its electrification strategy or the planned ramp-up of its new electric vehicle manufacturing site in Jawor, Poland.

**$RIVN daily, weekly, and monthly. I might go short this week if the horizontal support does not hold on he daily chart. The bottom trendline on the weekly chart sym triangle broke down last week:

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