Rivian lands federal loan to restart EV plant

A nearly $6 billion federal loan will help electric vehicle manufacturer Rivian restart construction of a $5 billion vehicle and battery plant near Covington, U.S. Sen. Jon Ossoff, D-Ga., announced Tuesday.

When it was announced in late 2021, the project was expected to create 7,500 jobs. However, last March, Rivian announced plans to build its new R2 crossover models at a factory in Illinois inste…