Backed by state incentives, Rivian to invest $1.5 billion and add more than 550 jobs to build new R2 EV at Normal plant [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
investment and hundreds of jobs to its central Illinois factory, the automaker and Gov. J.B. Pritzker announced Thursday. Backed by $827 million in state incentives, Rivian plans to expand its 4 million-square-foot auto plant and create more than 550 assembly jobs over five years to build the midsize R2 SUV, which is expected to begin rolling off the production line in 2026. The majority of the incentives will come from state tax credits paid out over 30 years, if Rivian meets its investment and hiring obligations. “They're growing now and they had the opportunity to grow in Georgia or in Illinois,” Pritzker said during a news conference at the Rivian plant. “We wanted them to stay right here and create jobs here. That was why we put an incentive package together and made that offer to Rivian.” In March, Rivian revealed the R2 and the smaller and sportier R3 crossover, springing the news that the R2, at least initially, will be made in Illinois, putting plans to build a $5 bil
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RIVN
News
- Investors in Rivian Automotive, Inc. Should Contact Levi & Korsinsky Before June 18, 2024 to Discuss Your Rights - RIVNAccesswire
- Investors who lost money on Rivian Automotive, Inc. (RIVN) should contact Levi & Korsinsky about pending Class Action - RIVNAccesswire
- ROSEN, SKILLED INVESTOR COUNSEL, Encourages Rivian Automotive, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – RIVNGlobeNewswire
- RIVN LAWSUIT ALERT: Levi & Korsinsky Notifies Rivian Automotive, Inc. Investors of a Class Action Lawsuit and Upcoming DeadlineGlobeNewswire
- DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of RivianPR Newswire
RIVN
Earnings
- 5/7/24 - Beat
RIVN
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- RIVN's page on the SEC website