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Rivian to sell 100,000 electric vehicles to Amazon

Thursday, Sep 19, 2019 - Posted by Rich Miller

* Wow…



* More

Amazon plans to sign a pledge to meet the goals of the Paris Climate agreement by 2040 and be net carbon neutral 10 years ahead of schedule, Chief Executive Jeff Bezos said on Thursday. […]

Bezos said Amazon was placing an order to buy 100,000 electric delivery vehicles from Rivian Automotive LLC and to use 100% renewable energy by 2030, up from 40% today. Amazon and Ford Motor Co are among the investors in the EV startup. Amazon will also invest $100 million to restore forests and wetlands.

Cox Automotive recently announced a $350 million investment in the company, which will produce vehicles at its Normal plant.

…Adding… From May of last year

At a press conference in Springfield, Illinois Governor Rauner Bruce Rauner fired off harsh words at automotive startup Rivian.

“That plant should have well over 1,000 people today. And that plant should have brought hundreds of millions of dollars today,” said Rauner, in response to a reporter’s question.

Contradictory to Rauner’s comments, Rivian appears ahead of schedule to employ 400 people across the country by the end of the year. The company is also ahead of their employment objectives at the facility in Normal. AdaptBN learned last week that Rivian already employs north of 325 people across the country and is still on track for production in 2020.

This isn’t the first time Rauner has made confusing statements surrounding Rivian’s involvement in the state. In an interview earlier this year Rauner stated, “No auto company wants to invest in Illinois because of Madigan’s power, because of regulations and the taxes.”

Genius.

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*** LIVE COVERAGE ***

Thursday, Sep 19, 2019 - Posted by Rich Miller

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Arduin continues winning streak

Wednesday, Sep 18, 2019 - Posted by Rich Miller

* We’ve talked about this story before, so here’s an update. From the Anchorage Daily News

Donna Arduin is no longer in charge of the state budget for [Alaska] Gov. Mike Dunleavy’s administration, effective today.

Dunleavy’s chief of staff, Ben Stevens, announced the change in leadership in the state Office of Management and Budget in a Monday call with reporters. He said the decision was “made unanimously within the leadership of the governor’s office.”

* The governor apparently went into self-protection mode

The massive cuts to Alaska’s budget that Arduin pushed earlier this year — affecting everything from a ferry service linking isolated coastal towns to the University of Alaska to Medicaid — prompted fierce backlash.

A recall effort targeting Dunleavy was announced shortly after he used his line-item veto to slash more than $400 million from the state’s budget, adding to hundreds of millions in earlier cuts approved by the legislature.

And though the governor eventually walked back some of the vetoed line items in August, the recall has gained steam.

As a buddy of mine noted this morning, people say they hate taxes but they really, really, really hate major budget cuts. Gov. Rauner’s tenure, of which Arduin was a part, made that pretty clear to Illinoisans. Now, Alaskans are learning the same lesson.

…Adding… As I explained in comments, the budget cuts were made so the governor could fulfill a campaign promise and increase the amount of annual oil royalty payments to individual Alaskans. So, Alaskans are actually furious that the governor was trying to give put more money in their own pockets by slashing state spending. Whew.

The only person who pulled this off and grew his popularity was former California Gov. Jerry Brown, who cut spending to the bone in order to build public support for additional revenues. Brown’s cuts weren’t an end in themselves like they were in Alaska. They were a means to an end. He is the best US governor of my lifetime by far.

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*** LIVE COVERAGE ***

Wednesday, Sep 18, 2019 - Posted by Rich Miller

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* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
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