EV maker Rivian is getting $1.5 billion in state and local incentives to build a massive assembly plant near Atlanta, bolstering the company’s production efforts despite local resistance.
U.S. new-vehicle sales are expected to fall around 20 percent in April, analysts predict, as automakers struggle to rebuild depleted dealer inventories amid chronic microchip shortages and other supply chain hurdles.
The automaker shows how the empty front trunk can be used with videos featuring chefs, musicians and a tattoo artist.
Stellantis will strengthen its mobility division Free2move via the deal, hoping a global push to cut emissions will also drive demand for car-sharing and open new profit streams.
Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter, Reuters reported.