DETROIT — Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Illinois....
California Scales up 1st-in-US Electric Truck Sale Proposal
SACRAMENTO — California regulators on Tuesday strengthened a proposed first-in-the-nation rule that would force auto makers to sell more electric delivery vans and work trucks in a state with the country's worst air quality. The updated rule proposed by the California Air Resources Board would require auto makers to sell...
GM Announces Jobs, Electric Vehicle After Trump Criticism
ORION TOWNSHIP, Mich. — Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300...
On the Road to Make an Affordable Car, Tesla Cuts Jobs
Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford. Tesla's cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to...