Amazon investing in Rivian, GM possibly to follow

A couple days ago rumors began circulating that GM was possibly planning to work with Tesla on an electric pickup truck, and another that GM and Amazon was due to invest in electric pickup truck maker Rivian. Part of that news has now been confirmed, with Rivian announcing an investment…

Continue reading

Bright Automotive goes dark citing onerous Dept of Energy loan terms

Bright Automotive, would-be manufacturer of a plug-in hybrid delivery van, shut down today while CEO Reuben Munger and COO Mike Donoughe delivered a blistering letter to Energy Secretary Stephen Chu calling the Advanced Technology Vehicles Manufacturing program a debacle. Indiana based Bright Automotive, a start-up company which hoped to sell hybrid-electric delivery trucks, has closed its…

Continue reading