Georgia state court rejects incentive plan for Rivian $5-billion plant
(Reuters) - Georgia state officials said on Monday they were disappointed after a local court rejected a joint proposal to secure local incentives for...
Stay updated with breaking news from Joint Development Authority. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
(Reuters) - Georgia state officials said on Monday they were disappointed after a local court rejected a joint proposal to secure local incentives for...
(Reuters) -Rivian Automotive Inc said on Monday it produced 7,363 vehicles at its manufacturing facility in No...
A dose of good news for Rivian (RIVN) has shares of the EV truckmaker on the move today.
Rivian produced 7,363 electric vehicles during the third quarter of the year, according to a company news release. That's a 67% step-up from the prior three-month period, and more than six times the number produced in the first quarter of 2022.
A judge in Georgia ruled that the Joint Development Authority could not prove the Rivian project was “sound, reasonable, and feasible”, so the company is not eligible for the bonds.