Everand Logo

Welcome to Everand!

  • Chicago Tribune

    Electric vehicle startup Rivian gets $200 million in funding to recharge shuttered Illinois plant

    by Robert Channick, Chicago Tribune May 25, 2018 2 minutes

    Startup Rivian Automotive has secured a $200 million loan to begin producing electric vehicles at the former Mitsubishi plant in Normal, Ill., by 2020.

    While the Michigan-based company has yet to unveil a single vehicle design, the central Illinois city of Normal may have a lot riding on Rivian's success, with potentially 1,000 new jobs in the works for the idled auto plant.

    You’re reading a preview, subscribe to read more.

    More from Chicago Tribune

    Chicago Tribune5 min read
    Chicago Bears’ Lakefront Stadium Proposal: What’s Been Said, What We Know — And What We Need To Know
    CHICAGO — A billion here, a billion there — pretty soon you’re talking real money. The late Sen. Everett Dirksen may not have said exactly that, but he repeatedly raised that concern about spending tax dollars. For reference, $1 billion is more than
    Chicago Tribune3 min read
    Backed By State Incentives, Rivian To Invest $1.5 Billion To Build New R2 EV At Illinois Plant
    Rivian’s decision to launch production of its second-generation electric vehicles in Normal, Illinois, rather than Georgia, will bring $1.5 billion in capital investment and hundreds of jobs to its central Illinois factory, the automaker and Gov. J.B
    Chicago Tribune2 min readAmerican Government
    Chicago Mayor Brandon Johnson Confident DNC Will Go Smoothly Despite Recent Demonstrations: ‘We Are Prepared’
    CHICAGO — Mayor Brandon Johnson on Friday disputed the notion his administration is unprepared for the Democratic National Convention and is suppressing protests, amid a nationwide spotlight on Pro-Palestinian university demonstrations that some fear

    Related Books & Audiobooks