Rivian is ready to restart construction of its East Georgia plant. They company confirmed that it is getting a new federal loan that will give the auto maker a jump start. Rivian confirms it is ...

Get the latest car news, reviews ... R1T and its commercial delivery vans. The Georgia plant was pitched as a supplemental production facility for Rivian’s existing models.

The massive federal loan, approved in the final days of Biden’s presidency, could be rescinded as Trump looks to slash ...

Ford also sold most of its shares of Rivian and axed its plans to co-develop an electric pickup, while rising interest rates ...

Rivian is currently hard at work to add a designated R2 production line at its Illinois factory. If investors remember, the ...

The German auto giant will invest up to $5.8 billion ... Uncertain Federal Loan for Georgia Plant: In late 2024, Rivian secured a $6.6 billion loan from the U.S. Department of Energy to build ...

“This loan will help us accelerate the launch of our Georgia plant for R2 and R3, providing thousands of jobs in the state,” Rivian CEO RJ Scaringe said in January when the Biden administratio ...

Rivian was initially looking to start production of its R2 SUV at its new factory in Georgia. However, the company halted construction of the plant in Georgia last year in a bid to cut costs and ...

Of which, $100 million was from auto ... Rivian plans to begin R2 production in Normal early next year, but it expects to significantly scale up with its new manufacturing plant in Georgia.

Electric car maker ... same period, Rivian also managed to remove $31,000 of automotive cost of revenue per vehicle. In the fourth quarter, Rivian produced 12,727 vehicles at its plant in Normal ...