Rivian’s Secret Deal with UAW and $6.6 Billion Loan: A Win-Win or Political Maneuvering?

Rivian Automotive has reportedly made a confidential deal with the United Auto Workers union, contingent on financial milestones. This comes as Rivian secured a $6.6 billion loan from the Department of Energy for expansion, facing criticism for inefficient use of taxpayer money. The potential unionization could impact labor relations in the EV industry. Rivian aims for profitability by 2025 with its new R2 model.

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