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DOE loan helps repay company debt as VW confirms its largest shareholder status and Rivian plans expansion in Georgia.

2 reports, 2 independent Updated Fri 00:00
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What happened

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DOE loan helps repay company debt as VW confirms its largest shareholder status and Rivian plans expansion in Georgia.

Who's involved

What this event is mainly about
Rivian AutomotiveVolkswagen GroupDepartment of Energy

How it developed

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  1. The DoE loan is specifically funding the construction of Rivian's second factory.1 source
  2. Rivian receives DOE loan for debt repayment and plans a new manufacturing facility in Georgia.1 source

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