Skip to main content

Emerging Tech News

Emerging Tech News: Electric Drive
12th February 2019

Amazon, GM in talks to invest in electric pickup truck maker Rivian: sources

Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday. The deal would give Amazon and GM minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first carmaker to the U.S. consumer market with an electric pickup.

Reuters

Your News, Delivered.

Sign up for our eNewsletters.

Get the latest news from AGMA. Every Tuesday receive the latest Industry News from around the globe. On alternating Thursdays receive information on upcoming AGMA events, training, and networking opportunities in the AGMA Member eNewsletter.

AGMA Marketplace

A gear product and services directory

The AGMA Marketplace proivdes a great resource for those looking for products and services in the gear industry. Find gear manufacturers that can produce products you need for your current project, or find services to assist with your gear manufacturing plant.

 

Access Marketplace

 

Join us on Twitter