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Article Summary
  • Biden administration to loan $6.6 billion to Rivian to build Georgia factory
  • Automaker Rivian paused construction on factory due to supply chain issues
  • Loan intended to create thousands of jobs and boost electric vehicle production
  • Factory expected to produce electric trucks and SUVs
  • Loan part of Biden administration's efforts to promote clean energy and create jobs Tone: Informative
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United States of America
  KSTP     2 hours ago
Biden Administration Will Loan $6.6 Billion To Rivian To Build Georgia Factory That Automaker Paused
ATLANTA (AP) 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.It’s unc...
https://kstp.com/kstp-news/business-news/biden-adm...
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