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Rivian to Receive $6.6B Conditional Loan from US DOE

Tomorrow's Technician

Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) loan program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States.

Finance 130
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Volkswagen Suggests That Golf Mk9 Could Replace ID.3

autoevolution

Kai Grunitz, the member of the board of management responsible for technical development at the Volkswagen brand, has stopped short of confirming that the ID.3 3 will be phased out in favor of the Golf. Grunitz did confirm to British motoring publication To. continue reading. )