Federal loan to struggling EV automaker under fire

Published November 30, 2024 3:54pm ET



(The Center Square) – All-electric automaker Rivian Automotive announced on Monday that it received a “conditional commitment” for a $6.6B loan from the U.S. Department of Energy.

If finalized, the loan would be used to aid in the construction of a $5B Rivian plant just outside Atlanta, Georgia.

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