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Rivian prices shares at $78 in highly anticipated IPO

Rivian Automotive Inc. priced its highly anticipated initial public offering at $78 a share, well above its raised expectations, valuing the electric-vehicle maker at more than $77 billion on a fully diluted basis, according to a person familiar with the matter.

Biden hypes $1T bill impact on electric cars

Boasting about his $1 trillion infrastructure package, President Joe Biden overstated its reach by claiming it would result in 500,000 electric vehicle charging stations and meet his pledge to nudge half of U.S. drivers into EVs by decade’s end.

Toyota lifts annual profit outlook on a weaker yen

Japan's Toyota Motor Corp raised its profit outlook on Thursday helped by favorable currency rates but warned that the global semiconductor shortage still posed risks to its full-year production plans.

Ford sales improve, SUVs post best month in 21 years

Despite its overall October vehicle sales falling 4% year-over-year, Ford became the top-selling automaker for the second straight month as it continues to bounce back from a semiconductor chip shortage that has ravaged the industry.