Biden Administration Awards $6.6 Billion Loan to EV Maker Accused of Defrauding Investors
Rivian is battling a class-action securities fraud case in California tied to its much-hyped initial public offering three years ago.
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.
EV maker Rivian gets $6.6 billion federal loan to finish Georgia plant
Rivian paused work on the plant earlier this year amid financial difficulties. The factory is supposed to produce midsize and crossover SUVs.
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 administration seeking to finalize $6.6B loan to build EV factory before term ends
The Department of Energy (DOE) is working to finalize a $6 billion loan to fund construction for an electric vehicle facility in Georgia.
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.
Rivian to use Biden administration loan to boost competitiveness of its EVs
Rivian said it will use a $6.6 billion government loan to “aggressively” scale manufacturing of its R2, which is coming in 2026.
Rivian will likely receive $6.6 billion loan from the government to open its plant in Georgia
American EV maker Rivian just announced that it has received a commitment from the US Department of Energy (DOE) for a loan totaling $6.6 billion. This is thanks to the DOE’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program.
Biden administration will loan $6.6 billion to 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 automaker struggled to become profitable.
Twinkie maker Hostess monitoring RFK Jr's anti-sugar, anti-packaged food agenda
Twinkie maker JM Smucker is planning to monitor and assess any changes in food and nutrition regulations that Robert F.
OpenAI’s AI-powered video maker Sora appears to have leaked
OpenAI's upcoming AI-powered video maker, Sora, appears to have leaked. These are some examples of what this AI tool can ...
Ticker: Shoplifting ring stole $2M in cosmetics and clothes; Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory
Ticker: Shoplifting ring stole $2M in cosmetics and clothes; Biden administration to loan $6.6B to EV maker Rivian to build ...
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EV maker VinFast narrows Q3 losses, beats revenue estimates on strong demand
HANOI, Nov 26 (Reuters) - Vietnamese electric vehicle (EV) manufacturer VinFast on Tuesday reported a smaller $550 million ...
Air Taxi Maker Vertical Secures Bailout From Mudrick Capital
Flying taxi startup Vertical Aerospace Ltd. said it had secured as much as $50 million in new funding from Mudrick Capital ...
Black Friday Ice Maker Deals 2024: Save Up to $150 On GE Nugget Ice Makers
The Opal 2.0 Nugget Ice Maker is one of our absolute favorites, thanks to an included water tank, efficient operation, and ...
16 Early Black Friday Coffee Maker Deals to Shop Now
If you're in the market for a new coffee maker, you don’t have to wait until November 29 to take advantage of the best black ...
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Biden administration to loan $6.6 billion to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia ...
Bethenny Frankel's Go-To Espresso Maker Is Just $115 Right Now: 'It's Like My Favorite Child'
Bethenny Frankel said the Hamilton Beach Slide and Lock Espresso Machine is like her “favorite child” in a recent TikTok. The ...