Rivian Automotive may incur serious costs due to its $6 billion loan from the U.S. DOE, which comes with terms favoring unionization, potentially impacting its operations.
Reportedly, Rivian signed a neutrality agreement with the UAW, meaning the company won’t oppose unionization at its Illinois plant if profitability benchmarks are met.
Rivian's financial situation is precarious; it loses $107,043 for every vehicle sold, competing with profit-generating, non-unionized firms like Tesla.
If the next administration alters EV mandates, Rivian’s expected profitability from EV credit sales could be jeopardized, exacerbating its financial struggles.
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