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Rivian to Receive $6.6B Conditional Loan from US DOE

Tomorrow's Technician

American all-electric automaker Rivian Automotive has received a conditional commitment from the U.S. 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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Driving Automotive Innovation with Cutting-Edge Simulation Software Systems

Auto Service World

Here’s the thing: Advanced simulation tools are now in high demand as electric vehicles and autonomous driving become increasingly prevalent. Advanced simulation tools play a pivotal role in reshaping every dimension of vehicle development including aerodynamics and electrical systems. And the best part? to reach $3,250.4

Software 130
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Stellantis Partners with Charge Enterprises

AutoSuccess

“As our partners in the automotive industry transition to electric-vehicle sales and service, our goal is to provide our 2,600-plus U.S. As part of its Dare Forward 2030 plan, Stellantis said it is setting the course for 50% of sales in the United States to be battery-electric vehicles (BEV) by the end of this decade.

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Michelin Completes Acquisition of Flex Composite Group

Tire Review Magazine

The acquisition is part of the Michelin in Motion 2030 strategy, which it said marks a significant step forward in the development of the Group’s polymer composites activities.