Rivian-Backed Also Hits Unicorn Status With $200M Raise
Also was spun out of Rivian earlier this year with $105 million in funding from the automaker, which retained a minority stake, and venture capital firm Eclipse. (coffeekai/Getty Images) A Rivian Automotive Inc.-backed startup developing small electric vehicles was valued at $1 billion in a new investment from Greenoaks Capital, ...more
California Awards Tax Credits for Port, Hydrogen Projects
Marine Terminals Corp. was awarded an $800,000 tax credit for an $8 million investment in heavy equipment and hiring three ...more
Congressional Republicans Push Reconciliation
The House Transportation and Infrastructure panel gave partisan backing to an electric vehicle fee of $250 as well as a ...more
Congressional Republicans Push Reconciliation Bill
The House Transportation and Infrastructure panel gave partisan backing to an electric vehicle fee of $250 as well as a ...more
Ford Suspends 2025 Outlook Amid Trump Tariff Strain
Ford CEO Jim Farley last week said the company won’t increase the price of its vehicles until it sees how ...more
Morgan Olson Debuts Compact Kestrel Work Truck
(Morgan Olson) Morgan Olson has introduced a more compact addition to its fleet with the launch of the Kestrel work ...more
Rivian to Build $120 Million Supplier Park in Illinois
Rivian will get $16 million in state incentives for the supplier park, which includes a $5 million tax benefit over ...more