The Biden administration has finalized a massive loan to electric vehicle (EV) maker Rivian just days before President-elect Trump takes office.



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Volkswagen looking to deepen partnership with U.S. EV maker Rivian, Spiegel reports

Reuters

United Kingdom

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The Woodbridge Company

The Biden administration has finalized a massive loan to electric-vehicle maker Rivian just days before the Trump administration is taking office. The $6.57 billion loan will finance an electric vehicle plant in Georgia where the company, which currently specializes in luxury vehicles, will make SUVs and crossover vehicles. The Energy Department, in a press release,…

The Hill

Nexstar Media Group

Washington

District of Columbia

United States

Biden finalizes major loan to EV-maker Rivian days before Trump’s inauguration

(Bloomberg) — The Biden administration is poised to finalize billions of dollars in financing for electric-vehicle maker Rivian Automotive Inc. and hydrogen manufacturer Plug Power Inc. before the Trump administration takes power next week, according to people familiar with the matter.

Financial Post

Leon Cooperman

Allianz

Canada

US to Finalize Billions in Funding for Rivian, Plug Before Trump

The Biden administration cut a multi-billion dollar check for Rivian Thursday, just four days before President-elect Donald Trump's inauguration

The Daily Caller

Tucker Carlson

Neil Patel

Biden Admin Cuts Failing EV Company A Fat Check On Its Way Out The Door

The Biden administration is poised to finalize billions of dollars in financing for electric-vehicle maker Rivian Automotive Inc. and hydrogen company Plug Power Inc. before President-elect Donald Trump returns to the White House, according to people familiar with the matter.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

The Department of Energy announced Thursday the closing of $6.6 billion in financing for Rivian to construct a Georgia manufacturing plant.

OC Register

Alden Global Capital

Orange County

California

Rivian, U.S. finalize $6.6. billion loan before Trump retakes office

Just in time, clean-energy companies Rivian Automotive Inc. and Plug Power Inc. have closed loan agreements with the Biden administration that will fund the construction of manufacturing plants in the United States.

MarketWatch

Murdoch family

Rivian and Plug Power close government loan deals just before Trump takes office

Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump's inauguration.

TechCrunch

Verizon Communications

Rivian finalizes $6.6B loan for its Georgia factory

The Detroit News

Detroit

Wayne County

Michigan

Headline Unavailable

Volkswagen is considering ways to deepen its partnership with U.S. electric car maker Rivian, the German company's CEO told Spiegel magazine in comments published on Friday.

Biden finalizes major loan to EV-maker Rivian days before Trump’s inauguration

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