Two ways GM and Amazon can make money on Rivian's electric pickups

Two ways GM and Amazon can make money on Rivian's electric pickups

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/02/13/two-ways-gm-and-amazon-can-make-money-on-rivians-electric-pickups.html

The reported investment automaker General Motors and online giant Amazon made in an electric pickup truck major could yield two very different payouts for such different companies, say two auto industry analysts.

Neither Amazon nor General Motors commented on reports on Tuesday that each company had taken a stake in the Michigan-based startup that wants to be the first automaker to bring an electric pickup to market. GM and Amazon each may have its own unique uses for Rivian's electric platform. Their investments together would value the company between $1 billion to $2 billion, Reuters reported.

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