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Rivian awarded $827 million in incentives for Illinois factory expansion

Rivian has been awarded $827 million in incentives for the expansion of its Illinois factory to accommodate the production of the R2. The funds will be provided by the State of Illinois Department of Commerce and Economic Opportunity. Apart from expanding the facility, Rivian will use […]

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Fisker facing bankruptcy in weeks without new investment, according to SEC filing

Fisker might commence bankruptcy procedures as early as the middle of May, according to a filing with the US Securities and Exchange Commission, SEC. The embattled company has not been able to attract an investor to secure a lifeline. Fisker defaulted […]

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