Biden administration to loan $6.6B to EV maker Rivian | AP News
21 hours ago · ATLANTA (AP) — 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.. It’s unclear whether the administration can complete the loan before Donald Trump becomes president again in less ...
Rivian plant Georgia project getting $6B federal loan for revival ...
20 hours ago · MORGAN COUNTY, Ga. — The stalled Rivian manufacturing plant mega-project in Georgia is getting a huge revival boost from the federal government, Sen. Jon Ossoff's office announced Tuesday. Sen ...
Rivian wins preliminary approval for $6.6B federal loan for Georgia …
18 hours ago · If finalized, the new DOE loan would restart Rivan’s plans to develop the Georgia assembly plant. Rivian stock was up over 3% in midday trade, but rolled over into the close and finished down 0.43%.
Rivian lines up $6.6 billion federal loan to revive Georgia ...
19 hours ago · The electric automaker Rivian may have found a lifeline for its stalled plans for a new manufacturing plant in Georgia, winning a $6.6 billion loan from the U.S. Department of Energy in the final weeks of the Biden administration.. The loan, announced Monday, is a “conditional commitment” and is not finalized.It’s unclear how the incoming Trump administration, which has been critical of ...
Rivian snags $6.6B conditional federal loan to build Georgia factory
Rivian gets $6.6 billion conditional loan approval to build Georgia EV plant. SAN FRANCISCO (Reuters) -Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion ...
Rivian gets $6.6 billion conditional loan approval to build Georgia …
1 day ago · Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia.
Rivian Wins Approval for $6.6 Billion Loan for Georgia Plant
1 day ago · In 2022, Rivian secured a $1.5 billion package of state and local incentives — the biggest in Georgia’s history — to build the massive plant outside Atlanta. The company pledged at the time to create 7,500 jobs by the end of 2028, winning praise from local lawmakers.
Rivian Gets $6.6 Billion Conditional Loan Approval to Build Georgia …
2 days ago · US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. ... Rivian said it expects the Georgia plant to employ about 7,500 operations staff through 2030.
Rivian (RIVN) takes big step toward restarting its Georgia EV plant
Oct 7, 2024 · Rivian (RIVN) is moving closer to restarting construction at its $5 billion EV plant in Georgia after pausing it months ago. The company recently took a significant step by applying for a...
Automaker Rivian pauses construction of its $5 billion electric …
Mar 7, 2024 · California-based Rivian had planned to start building its new R2 midsize SUVs at the Georgia site east of Atlanta. State and local governments offered an incentive package as large as $1.5 billion, one of the largest ever offered for an American auto plant.