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Biden administration announces Rivian loan
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable.
Biden Grants Rivian $6.6B Loan to Revive Stalled Georgia EV Factory
The loan is a critical step for the EV maker, which had halted work on its plant after struggling to become profitable.
Biden Administration Approves $6.6 Billion Loan for Loss-Making EV Maker Rivian
In the closing days of President Biden’s administration, it is handing out billions of dollars in a loan to an electric vehicle maker, Rivian Automotive, even though the company has struggled to become profitable.
7d
Volkswagen appoints former Rivian executive as head of American business
Volkswagen appointed former Rivian executive Kjell Gruner as head of its American business on Tuesday, as the automaker faces ...
13d
Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant ...
13d
Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture
Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as ...
autoevolution
12d
Rivian Achieved in Three Months What Volkswagen Couldn't Do in Years of Spending Billions
Rivian demonstrated its software on a drivable Audi Q6 prototype, achieving in three months of work what Volkswagen couldn't ...
13d
on MSN
Rivian gets big boost from $5.8 billion Volkswagen investment in joint venture
Analysts see the joint venture between VW and Rivian as shoring up many concerns about the U.S. EV maker's challenges.
13d
Volkswagen, Rivian launch their $5.8B joint venture
The announcement lifts the veil on one of the largest automotive deals this year, providing more details on its goals, ...
The Business Journals
13d
Rivian-Volkswagen partnership to produce EV tech for R2 model
Rivian
is teaming up with
Volkswagen
in a $5.8 billion joint venture for EV innovation on its R2 model, which the company ...
autobodynews
14h
Rivian CEO: Dealer Laws Block Consumer Choice
RJ Scaringe said laws that were created to protect dealerships are now barriers for EV makers' direct-to-consumer sales ...
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