Rivian customers learned more Wednesday about the color and customization options and hands-free driving capability of their new vehicles, which are expected to start hitting the road in about eight months.
Projections made by the Town of Normal’s finance department anticipate a $10.4 million loss in the general fund, but officials say a strong fiscal position entering the pandemic will enable the town to get through the economic downturn.
Rivian founder and CEO RJ Scaringe said his company will not be seeking the $1 million grant that it was owed from the Town of Normal, saying “the funds would better serve our community by remaining with the municipality."
UPDATED 4:15 p.m. | The electric automaker Rivian will be able to claim its local property-tax breaks after meeting the minimum hiring and plant investment thresholds for the 2019 tax year, officials said.
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