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

Reuters 

By Harry Brumpton and Stephen Nellis(Reuters) - 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.If the negotiations conclude successfully, a deal could be ...

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First Published: Wed, February 13 2019. 06:56 IST
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