View Single Post
      03-08-2024, 10:41 AM   #8
XutvJet
Major General
5582
Rep
5,385
Posts

Drives: 2011 Cayman Base, 2016 M235
Join Date: Mar 2016
Location: Kansas City

iTrader: (-1)

Quote:
Originally Posted by Car-Addicted View Post
Automaker Rivian pauses construction of its $5 billion electric truck plant in Georgia
ATLANTA (AP) — The CEO of Rivian Automotive announced Thursday that the electric truck maker is pausing construction of its $5 billion manufacturing plant in Georgia to speed production and save money.
State and local governments were projected to spend more than $125 million to buy the nearly 2,000-acre (810-hectare) site near Social Circle for Rivian, clear trees and grade land, documents show. That work has been finished, with the state turning the site over to Rivian. The state also has completed most of $50 million in roadwork that it pledged. But signs for Rivian Parkway at a new traffic signal on U.S. 278 had been removed Thursday.
https://apnews.com/article/rivian-ev...75b42ce7c051d7

I'm sure all the tax payers of Georgia are running right out to buy this stock.
The green grift continues.
These types of incentives are common place absolutely everywhere in the US and it is not just an EV/battery thing. I cannot fault Rivian for pausing construction and instead making the R2 at their current plant in order to get the vehicle to market on schedule. I cannot fault them for doing that, keeping their current employees busy, and perhaps focus on a more profitable, less powerful, and affordable EV for the masses. It's the right direction, IMO.
__________________
The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.
Appreciate 0