Not to get too political, but there seems to be a lot of wasted cash in this industry. So much for the theory that AMZN would be Rivian’s savior,!
Rivian gets another $6.6B influx from the feds…
- Thread starter bullwinkle
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Good for them. Hope they make it at least on commercial side.
Rivian looks promising, but they've had a number of issues, especially charging speeds on DC fast chargers. I like the brand, but I question the long term success of them until we get established more affordable options from them which have been announced already.
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Not if they need this massive infusion to make it. Why would you want to inflate a failure? If it would end up there?
First, it's a loan (DOE ATVM program loan).
Second, it's the same loan program that Tesla has used. Tesla sits currently as the 8th most valuable corporation in the world.
Did such a loan inflate Tesla's failure or did such a loan help Tesla succeed?
I'll be upset when the government stops propping up the big 3 junk "too big to fail" and then this keeps happening with start ups. Until then, fair play.
This goes back 3 or 4 years but here is my problem with Rivian. I worked for a domestic sway bar manufacturer, we did plenty of OEM and Defense work. Rivian asked us to prototype 2 different vehicles sway bars. I told them I'd be happy to but I wanted to talk about getting production work. They said no go on the production work, all chassis parts were made in Vietnam.
They also had constant turnover. I think in the 12 months I worked with them, I dealt with probably 30 different people. After a year, we ended up walking away from the prototype job, they were that messed up.
They also had constant turnover. I think in the 12 months I worked with them, I dealt with probably 30 different people. After a year, we ended up walking away from the prototype job, they were that messed up.
4WD
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Right now we count on those companies LT’s, HD vans, etc …
It’s a whole commercial sector your company does not have, now does it ?
4WD
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And your industry won’t exist without mine or the other way around or who you call junk …
Too bad. … and nobody seeks your sympathy or permission to own LT’s for business or pleasure (like the owner here) …
What are you angry about? All I said is that if the big 3 get bailouts, then I don't have a problem with Rivian getting assistance. Then you claim my company has no relevance to the infrastructure of the country which means I assume you don't know what I do.
Where did this go wrong? All I meant was that we shouldn't be picking winners and losers. Either they all get help or none of them get help. Seems pretty fair to me.
4WD
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I don’t mind it either - but you are always defensive over EV’s - I’m pretty much impartial - but I don’t call what you buy junk do I?
And I do recognize what the big 3 do being in a farm, ranch, oil, and construction area … They are not car companies any more than Tesla has become an LT provider (LT includes up to 5500 series)
Left alone, doubt they’d wasted money on EV.
Defensive over EVs? I don't get where you're getting that. I just tend to not like bigger vehicles, but that has very little to do if it's an EV or not. I've owned Fords and many GMs. I haven't owned a Dodge. I don't consider what I've owned to be particularly well built outside of my GTO that was built by Holden, which GM has basically dismantled since. That said I threw junk out there flippantly. You're looking way too far into it. GM made a huge shift in what they were building after the bailout so it seems they learned from what got them into the situation that required the bailout.
I guess we should be bailing out companies even if they made a bunch of garbage to save the LTs actually being used, because that makes sense. Prop up a crap company just because we need some company vehicles or to pull a boat. I'm not talking of any company in general, but you did mention trucks here as reason enough to save anything because of company trucks when that's a very small part of any of these company's businesses. It just seemed like an odd thing to lock onto when all I was saying equality of treatment of these companies. Again, how did we get to this conversation? You blew this way out of proportion. If you're having a bad day and something I said triggered something, I'm sorry and I understand. You just completely caught me off guard with that one.
4WD
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I’m not reading that - everyone here knows your opinion
Personally I don’t care
Ford already applied for ATVMLP and received 9.3 billion. GM's joint venture Ultium Cells got 2.5 billion. These are extremely conditional direct loans.
Everyone has opinions about things they know literally nothing about.
4WD
$50 site donor 2025
Since you added a reply to me I will comment. There have been very few in this thread take issue with that loan. (self included) …
Personally - I feel strongly they are getting behind on the reliable supply side and should loan money to STP which already has NRC permits to expand MW output - but no funding from the cities who get the power - yet are adding EV’s, people, and data banks left and right …
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Oh, what is the pay back structure?
Not relevant.
Please, show us how this loan to Tesla is responsible for monetary success.
China is reportedly $231,000,000,000 deep into subsidizing their EV programs. They are well into their goal to overrun the global automotive industry. The US and European governments would be absolute fools not to fight back with their own support. There is no “free market” anymore…
https://www.bloomberg.com/news/arti...ers-got-231-billion-in-aid-over-last-15-years
https://www.bloomberg.com/news/arti...ers-got-231-billion-in-aid-over-last-15-years
Yeah, EV sales would fall on their face if taxpayer money wasn’t giving up to $11,500 per vehicle in cash down payments for buyers.
This isn’t even debatable
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