Tags: amazon | gm | electric | pickup | rivian

Amazon, GM in Talks to Invest in Electric Pickup Maker Rivian

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Tuesday, 12 February 2019 05:39 PM

Amazon.com Inc. and General Motors Co. are in talks to invest in Rivian Automotive LLC in a deal that will 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 General Motors 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 car maker to the U.S. market with an electric pickup.

If the negotiations conclude successfully, a deal could be announced as early as this month, the sources said, asking not to be identified because the matter is confidential. There is always a chance that deal talks fall through, the sources cautioned.

Amazon (AMZN), General Motors (GM) and Rivian did not immediately respond to requests for comment. 

© 2019 Thomson/Reuters. All rights reserved.

   
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Amazon.com Inc. and General Motors Co. are in talks to invest in Rivian Automotive LLC in a deal that will value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.
amazon, gm, electric, pickup, rivian
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2019-39-12
Tuesday, 12 February 2019 05:39 PM
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