Tag: Electric pickup truck

Amazon and General Motors are in discusses to invest into Rivian Automotive LLC in a deal that would esteem the U.S. electric pickup truck maker at between $1 billion and $2 billion, individuals comfortable with the issue said on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a noteworthy boost for the Plymouth, Michigan-based startup, which tries to be the first car producer to the U.S. customer market with an electric pickup. In the event that the negotiations conclude effectively, a deal could be reported as right on time as this month, the sources stated, asking not to be distinguished on the grounds that the issue is private. There is dependably an opportunity that bargain talks fall through, the sources advised...