Similar Stories to Biden Administration To Loan $6.6b To Ev Maker Rivian To Build Georgia Factory That Automaker Paused on Bing News

Jeff Amy, Chicago Tribune: Business
Tue, 11/26/2024 - 3:23pm

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 than two months, or whether the Trump administration might try to claw the money back. Trump previously vowed to end federal electric vehicle tax credits, which are worth up to $7,500 for new zero-emission vehicles and $4,000 for used ones. Rivian made a splash when it went public and began producing large electric R1 SUVs, pickup trucks and delivery vans at a former Mitsubishi factory in Normal, Illinois, in 2021.

Topics: president joe biden s u.s department rivian automotive it s donald trump r1 suvs mitsubishi normal months california-based atlanta social circle the r1 but rivian march r2 suv ceo rj scaringe german june tuesday s this the energy department united states as american ev advanced technology vehicles manufacturing loan program tesla model s nissan leaf kentucky ford s democratic u.s sen jon ossoff energy secretary jennifer granholm july our georgia ossoff georgia gov brian kemp republican inflation reduction act efforts white house congress kemp garrison douglas neighbors hyundai motor group s savannah korean october biden s biden biden energy rivian georgia trump trump illinois rivian s rivian s georgia r2 volkswagen r3 state ossoff kemp kemp state build automaker electric billion company production plans federal million announced money plant battery cash economic employ construction announcement local year governments zero-emission site worth smaller cost signature bring investment support sales goal pause projected phase

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BING NEWS:

Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory
President Joe Biden's administration announced this week 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 ...
11/28/2024 - 7:05 pm | View Link
Lame-duck Biden administration loans $6.6B to struggling Tesla rival Rivian
Rivian, the EV startup based in California, was worth as much as $150 billion just three years ago before its stock price tanked since then.
11/27/2024 - 1:51 am | View Link
Biden administration to loan $6.6 billion to EV maker Rivian to build Georgia factory that automaker paused
The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s goal of having zero-emission vehicles make up half of all new US sales by ...
11/26/2024 - 10:05 am | View Link
Biden administration to loan $6.6B 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 factory.
11/26/2024 - 8:39 am | View Link
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 Georgia factory ...
11/26/2024 - 8:18 am | View Link
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Similar Stories to Biden Administration To Loan $6.6b To Ev Maker Rivian To Build Georgia Factory That Automaker Paused on Bing News

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