December 3, 2024

AndronETalksNews

AndronETalksNews

Biden Throws Struggling Rivian $6 Billion Lifeline For EV Factory

South San Francisco, CA, USA - May 1, 2022: A new Rivian R1T truck is seen at a Rivian service center in South San Francisco, California. Rivian Automotive, Inc. is an electric vehicle automaker.

Zero Hedge

by Tyler Durden
Tuesday, Nov 26, 2024 – 01:45 PM

The Biden-Harris administration is rushing to spend taxpayer funds before President-elect Trump takes office. To start the week, the administration directed nearly $8 billion to Intel and now billions more to save struggling electric vehicle manufacturer Rivian Automotive.

Read more…