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GM, Amazon Buy Into New Automaker

  • Reuters, Wednesday, February 13, 2019 10:29 PM
Amazon and General Motors are in talks to invest in Rivian Automotive in a deal that would value the so-called “electric adventure vehicle” at between $1 billion and $2 billion, sources told Reuters. “It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first carmaker to the U.S. consumer market with an electric pickup,” per Reuters.The deal would come as another electric car manufacturer, Tesla, struggles to stabilize production and deliver consistent profits.

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1 comment about "GM, Amazon Buy Into New Automaker".
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  1. R MARK REASBECK from www.USAonly.US , February 14, 2019 at 8:54 p.m.

    have they taken a poll on how many people want a car that needs an extension cord every 200 m iles?  Are they aware their power bill at home goes way up ?  it's the equivalent of running another air conditioner on your house, and/or 24 hr a day pool pump.

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