A Michigan automotive company hopes to take over the former Mitsubishi plant in Normal.
Rivian Automotive is in talks to buy the entire 2.4 million-square-foot plant and manufacture there, bringing 500 jobs by 2021 and 1,000 when at full production, the Illinois Department of Commerce and Economic Opportunity (DCEO) announced late Thursday afternoon.
The company expects to invest up to $175 million in the project by 2024.
Mitsubishi shut down production at the plant in November 2015 and laid off the last employees in May. The plant employed 1,200 before closing and about 3,000 at its peak. […]
An agreement between Rivian and Normal specifies that in order to receive [$1 million] incentives, the company must employ 35 workers by the end of 2018, 75 in 2019, 300 in 2020 and 500 in 2021. Those are “full-time employees with an average weekly salary equal to or greater than the average weekly salary in McLean County.”
The company started out in Florida then moved to Michigan when its incentive package ran out and Michigan stepped up with some cash. Its website has nothing on it.
Founded in 2009, Rivian is an automotive technology company developing an integrated portfolio of products and services to advance the shift to sustainable mobility. Backed by strong investors and driven by a team of passionate innovators, Rivian is creating solutions that redefine traditional automotive economics and remove the pain points of conventional ownership.
Yeah, I don’t know what that means, either. Supposedly, they’re trying to develop a low-priced but high performance sports car…
Rivian Automotive, founded in 2009, develops and manufactures efficient sports cars. The company was formerly known as Mainstream Motors Inc., and changed its name to Rivian Automotive in 2011.
As of yet, there is no indication that any cars have been manufactured.
Let’s hope this works out.