Rivian, Electric Vehicle Start-Up, Unveils Large Losses in I.P.O. Filing
The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year. Source
The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year. Source
When the plant scaled back production in the 2000s and closed in 2015, around the time of white-collar job cuts, Normal felt the pinch. Suppliers decamped, and many workers left in search of new jobs. […]
Another big trend reshaping the auto industry is autonomous cars. On Tuesday, Cruise, a unit of G.M. that is working in that area, announced it had raised $2 billion from Microsoft, G.M., Honda and other […]
Ford Motor has agreed to invest $500 million in Rivian, an electric-car start-up that is widely seen as a potential rival to Tesla, Ford announced on Wednesday. Rivian, based in Plymouth, Mich., plans to begin […]
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