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CNN —Protesters stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia on Friday and opposition politicians demanded the resignation of the self-styled president over an unpopular investment agreement with Moscow. Protesters used a truck to smash through the metal gates surrounding the parliament in the capital Sukhumi. Eshsou Kakalia, an opposition leader and former deputy prosecutor general, said the parliament building was under the control of the protesters. “We will now seek the resignation of the current president of Abkhazia,” he was quoted by Russia’s Interfax news agency as saying. Protesters also broke into the presidential administration offices located in the same building as the parliament.
Persons: Russia’s, Protesters, Maxim Reshetnikov, Kristina Ozgan, Aslan Bzhania, Alexander Ankvab, Raul Khadzhimba Organizations: CNN — Protesters, Protesters, Russia’s Interfax, Russian Economy, Abkhazian, Russian Locations: Russian, Georgian, Abkhazia, Moscow, Sukhumi, , Russia, South Ossetia, Georgia, Soviet
CNN —President Joe Biden’s climate law is on the chopping block as Republicans prepare to have full control in Washington. But it’s not just Democrats gearing up to protect the Inflation Reduction Act’s clean energy policies. In other words, if Republicans successfully repeal Biden’s climate and clean energy law, their districts stand to lose the most. Conservative groups and companies who are using the clean energy tax credits are already starting to lobby lawmakers to save them. “To demonstrate that these tax credits are really a net profit for the economy, that really is the name of the game.”
Persons: Joe Biden’s, it’s, Donald Trump, Buddy Carter, Trevor Houser, Trump gunning, ” Houser, Carter, Mike Johnson, Johnson, , , Richard Hudson —, , Adrian Deveny, they’ll, Heather Reams Organizations: CNN, Republican, ” Republican, Republicans, Massachusetts Institute of Technology, Congressional Republicans, Trump, Hyundai EV, Hyundai, North Carolina Rep, Toyota, MIT, Climate Vision, Conservative, Citizens, Responsible Energy Solutions Locations: Washington, Georgia, Carter’s Georgia
He wasn't present for his son as he grew up since he could only think about his next drink. The granddad finally got sober at 50 by getting monthly shots of a drug that manages his cravings. I wasn't present for my son, Joel, when he was growing up. AdvertisementIn high school, I'd drink at parties and friends' houses. I told Suzanna to get rid of my distilling equipment in the basement.
Persons: Jeff Horton, Joel, let's, I'd, I've, Suzanna, We'd, It's, Harley, Nora, , I'm Organizations: Sinai Wellness, XXL, Business Locations: Tucker , Georgia, We'd, Florida, Jamaica, Dahlonega , Georgia
Details on the proposal are scant and some Democrats have called the overtime tax promise "as fake as his tan." "As part of our additional tax cuts, we will end all taxes on overtime," he said at a rally in Tucson, Arizona. Among these, 82.1 million were hourly workers and 15.6 million were salaried workers, the report said. Meanwhile, about 7% of hourly workers and 70% of salaried workers do not qualify for FLSA, the report said. For example, would it be designed as just an income tax or would it be a payroll tax exemption as well?
Persons: Donald Trump, Trump, Karoline Leavitt, Vance, There's, Russ Fulcher, Joseph Rosenberg, FLSA, John Ricco, Alex Muresianu, Muresianu, Rosenberg Organizations: Cobb Energy Performing Arts Centre, Republican, President, Trump, Fair Labor, Brookings Tax, Department of Labor, FLSA, Yale, Lab, Tax Foundation, Social Security Locations: Atlanta , Georgia, U.S, Tucson , Arizona, Idaho, Alabama, Wisconsin, DOL
The department on Thursday announced its findings from a civil rights investigation that had opened in July 2023 into conditions of Fulton County Jail in Georgia. Fulton County and the Fulton County Sheriff’s Office did not immediately respond to NBC News' request for comment Thursday. Fulton County Jail: Home to stabbings, assaults, pests and a lack of careThe lengthy report presented a staggering portrait of violence and death at the Fulton County Jail. The report found that Fulton County Jail failed to protect detainees from the risk of harm from violence and sexual violence. Further, Fulton County Jail deputies and detention officers use force against incarcerated people without adequate justification, including deploying Tasers without reasonable cause, the document said.
Persons: Lashawn Thompson, It’s, Lashawn Thompson Thompson, WXIA, Thompson, Thompson’s, Thursday's, General Merrick Garland, , Kristen Clarke Organizations: Sheriff’s, NBC, Georgia Tech, Office, Justice Department’s Civil Rights, Justice, U.S, Justice Department Locations: Georgia’s Fulton County, Fulton County Jail, Georgia, Fulton, Fulton County, Atlanta
A Georgia mother was arrested and accused of allegedly endangering her son — all because the unsupervised 10-year-old walked less than a mile away from home, officials said. "It's not a super dangerous or even dangerous at all stretch of road," Patterson told NBC News, in an interview that aired Wednesday. Patterson refuses to sign this form and said she'll contest this charge that carries up a year behind bars. Patterson's lawyer David DeLugas rhetorically asked if mothers and fathers now have to know the precise location of their children at all times. "Are all parents going to have to put GPS on their child?"
Persons: , Brittany Patterson, Soren, Patterson, David DeLugas Organizations: Fannin County Sheriff's Department, NBC News, Authorities Locations: Georgia, Fannin County, Mineral, North Carolina
The attorneys who've been defending Rudy Giuliani in a case seeking to force him to turn over his assets to two former election worker he defamed are asking a judge permission to drop him as a client. “Mayor Giuliani has not been informed by Mr. Caruso of this action. Surely Mr. Caruso would talk to the mayor, or at the very least inform him of such a decision,” Goodman said. In court last week, Giuliani said he was unsure where his valuables were, a claim the judge called "farcical." Nathan told the judge he'd discovered that numerous items had been moved from Giuliani's apartment in recent weeks, despite the turnover order.
Persons: who've, Rudy Giuliani, Giuliani, Donald Trump, Ken Caruso, David Labkowski, Ted Goodman, Ruby Freeman, Shaye Moss, “ Mayor Giuliani, Caruso, ” Goodman, he'd, District Judge Lewis Liman, Aaron Nathan, Freeman, Moss, Liman, Joe DiMaggio, Lauren Bacall, Nathan Organizations: , U.S, District, New, CTS Locations: Georgia, Giuliani's, New York
As a result, there have been no improvements in the preterm birth rate in the last 10 years. Last year, the preterm birth rate was 10.4%. In 2013, the preterm birth rate was 9.8%. Wheeler was not involved with the March of Dimes report. Women with diabetes had a preterm birth rate of 28.8%, and it was nearly the same, 23.3%, among women who had high blood pressure.
Persons: Sarahn Wheeler, Wheeler, Amanda Williams, Williams, Organizations: Dimes, U.S, Duke University Medical Center, OB Locations: U.S, Durham , North Carolina, Alabama , Arkansas, Georgia, Louisiana , Mississippi, South Carolina
In April, President Joe Biden signed a law that requires China’s ByteDance to sell TikTok by Jan. 19. Although both Republicans and Democrats supported the Biden TikTok ban in April, Trump voiced opposition to the ban during his candidacy. At TikTok, meanwhile, Chew has remained quiet since Trump’s victory, just as he had been in the lead-up to Election Day. In his March interview with “Squawk Box,” Trump said Meta, which owns Facebook and Instagram, posed a much bigger problem than TikTok. Since launching his TikTok account in June, Trump has amassed over 14 million followers.
Persons: Donald Trump, Tim Cook, Meta’s Mark Zuckerberg, Jeff Bezos, Shou Zi Chew, Joe Biden, Jan, Trump’s, Trump, CNBC’s, , Kamala Harris, “ We’re, Trump hasn’t, Vance, Karoline Leavitt, ” Leavitt, TikTok, Jeff Yass, Sarah Kreps, Chew, Long Le, Le, “ He’s, ” Le, ” TikTok, ” Trump, , Mark Zuckerberg, Cornell’s Kreps, Zuckerberg, ” Kreps, ” Meta, Milton Mueller, ” Mueller, Sen, Rand Paul, “ They’re, he’s Organizations: U.S, U.S ., Apple, Google, White, Democrats, Biden, Trump, Democratic, CNBC, Republican, Susquehanna International Group, NBC, Cornell University, Santa Clara University, Facebook, Meta, Georgia Tech’s School of Public Locations: U.S, Chew, TikTok, ByteDance, Yass, China, Ky
Rudy Giuliani (C) arrives at the New York court following a judge's order compelling his appearance in the defamation case filed by Georgia election workers in New York, United States on November 07, 2024. Lawyers representing Rudy Giuliani in a lawsuit related to a massive defamation judgment against him are seeking to quit the case in New York federal court, citing significant disagreements with the former Trump campaign attorney over how to handle the matter. Giuliani's spokesman, Ted Goodman, in a statement to CNBC, said, "Mayor Giuliani has not been informed by Mr. Caruso of this action." Giuliani represented Trump on the heels of the 2020 election, when the then-president was seeking to reverse his loss to President Joe Biden. Giuliani during that time falsely claimed that Ruby Freeman and Wandrea Moss committed ballot fraud at a Georgia vote-counting site.
Persons: Rudy Giuliani, Kenneth Caruso, David Labkowski, Donald Trump, Caruso, Judge Lewis Liman, Liman, Giuliani, Ted Goodman, Mayor Giuliani, Goodman, Joe Biden, Ruby Freeman, Wandrea Moss Organizations: New, Lawyers, Trump, New York City, CNBC, Washington , D.C, Benz Locations: New York, Georgia, United States, U.S, Manhattan, Washington ,
AdvertisementLately, creative workers are increasingly chasing their Hollywood dreams in production hubs far from Hollywood. FilmLA, which issues permits for production in the region, found that Greater Los Angeles' share of US-produced TV and film projects declined from 23% in 2021 to 18% last year. Brin said Lexington had attracted 30 film and TV projects so far this year, representing more than $2 million in local spending. Actually being on a set is only one part of entertainment production. While the power of Los Angeles is dispersing, no single "new Hollywood" is coming to take its place.
Persons: Joe Gallegos Jr, he'd, Bailee Madison, Lukasiak, Pat Boone, Gallegos, JJ Abrams, HBO Max —, he's, It's, Patrick Adler, Taner Osman, couldn't, Tiffany FitzHenry, Lisa Brin, Brin, Noah Hawley, Maddy Bilder, Yorgos, Guy, Ryan Gosling, Emily Blunt, Tyler Mitchell, I've, Bilder, Adler, Otis, FitzHenry, hasn't, Keisha Perry, Cedric, I'm, She's, Lucia Moses Organizations: Netflix, HBO, of Labor Statistics, Westwood Economics, Planning Associates, Dallas, Miami, Hollywood, Bureau of Labor Statistics, Marvel, Otis, Creative, Lex Studios, Austin, Austin Film Society, Southwest, Sony, Universal Pictures, Ampere, Technology, ScreenIt, LA, Westwood, Gallegos, Business Insider's Media Locations: New Mexico, Los Angeles, Albuquerque, La La, Hollywood ., America, California, Atlanta, Hollywood, LA, Georgia, Kentucky, Lexington, New York, Ireland, Budapest, South Africa, Hungary, Australia, North America, Saudi Arabia, Miami
Texas is the highest-ranked SEC team in the College Football Playoff at No. But the SEC team that no one wants to play right now is one that isn’t even in the top 10. Advertisement“If you ask me right now which team I’d least want to face, it’s Ole Miss,” said an SEC defensive coordinator of a Top 25 team. Ole Miss has 23 more TFLs than anyone else in the SEC (103) and 18 more than anyone else in the country. A big piece of that impact is due to the commitment Ole Miss made this offseason to upgrading its talent in the trenches through the portal.
Persons: it’s Ole, , “ They’re, Trey Amos, , Suntarine Perkins, Princely, Jared Ivey, Pegues, he’s, Walter Nolen, Tre Harris, Harris ’, Kirby Smart, Ole Miss, Ole, Randall Joyner, Larry Johnson, Broyles, Pete Golding, Ivey, Nolan, Chris Paul Jr, T.J, Dottery, Amos, John Saunders, Khari Coleman, overset, ” Umanmielen, Perkins, Golding, He’s, ” Suntarine Perkins, Petre Thomas, I’m, Curt Cignetti, Cignetti, James Madison, JMU, Lance Leipold Organizations: SEC, College Football, Ole Miss, Georgia, Rebels, Saturday, Clemson, Georgia Tech, TCU, Athletic, LSU, SEC DC, Hoosiers, Indiana University of Pennsylvania, Pennsylvania State Athletic Conference, Elon, CAA, Coastal Athletic Association, Division Locations: Georgia, Texas, Alabama, Florida, Arkansas, Miami ( Ohio, Auburn, Indiana
CNN —The Fulton County Jail in Atlanta unconstitutionally subjects inmates to “inhumane, violent and hazardous conditions” that threaten their safety, a US Justice Department official said Thursday, announcing the results of a 16-month investigation. “We cannot turn a blind eye to the inhumane, violent and hazardous conditions that people are subjected to inside the Fulton County Jail,” Clarke said. The deaths of Thompson and other inmates in the mental health unitThe 105-page report lays out examples of the problems it alleges, including the treatment of inmates with mental health challenges. Meanwhile, around 75% of the people who have died at the jail since 2021 had a mental health diagnosis or history of mental illness, Buchanan said. “The Fulton County Jail had as many stabbings in a single month as the Miami-Dade County Jail had all year, and that’s a facility with one-and-a-half times more people,” Clarke said.
Persons: ” Kristen Clarke, Lashawn Thompson, , ” Clarke, Thompson, Kristen Clarke, WANF, ” Ryan Buchanan, ” Buchanan, Michael Harper, ” Harper, Thompson’s, , Fulton County Sheriff Patrick Labat, Buchanan, , CNN’s Ryan Young, Nick Valencia, Hannah Rabinowitz, Dakin Andone Organizations: CNN, Jail, US Justice Department, Justice, US, Justice Department, Sheriff’s, Northern, Northern District of, Thompson’s, Fulton County Sheriff, Miami, Department team’s Locations: Fulton, Atlanta, Northern District, Northern District of Georgia, Fulton County, Dade, Union City
DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup Rivian Automotive to $5.8 billion as the companies have broader aspirations than they initially announced for the team-up. Investors were impressed with the details of the deal, sending shares of Rivian up 13% in trading Wednesday. The companies said they expect roughly 1,000 people to work for the joint venture. But VW's capital to Rivian isn't guaranteed, and neither is the success of the deal. The automotive industry has seen a number of major mergers and joint ventures that don't result in long-term successes.
Persons: Rivian, Rivian isn't Organizations: DETROIT — Volkswagen Group, Automotive, Investors, VW Locations: Normal , Illinois, Georgia, Rivian
Younger Americans are moving to rural areas, reshaping demographics and economies. Census data shows a shift from cities to rural areas for people ages 25 to 44 since 2020. Instead, they're heading to rural areas. AdvertisementLombard said there's been a surge of young people moving to South Carolina, North Carolina, and Tennessee, oftentimes for work. Even with many companies pushing for mandatory return-to-office policies, younger Americans continued moving to rural communities in 2023 at an accelerated pace.
Persons: , Z, Hamilton Lombard, Lombard, there's, it's Organizations: Service, University of Virginia, Colorado Rockies, Brooklyn —, Power, nsheidlower Locations: Rural, Los Angeles, Kings County, Brooklyn, South Carolina, North Carolina, Tennessee, Flint , Michigan, Oak, Huntsville, Atlanta, Georgia
In today’s edition, national political correspondent Steve Kornacki breaks down the blue areas across the country where Donald Trump expanded his coalition. These five jurisdictions help tell the story of where and how Trump expanded his coalition the most dramatically. When Trump ran in 2016, he was crushed in Lawrence, an old mill city on the Merrimack River, by 66 points. Trump transition watchPresident-elect Donald Trump is continuing the process of building out his administration, tapping allies for key posts. DeSantis does not have to listen to Trump, after the two men saw their relationship fray amid DeSantis’ national rise and his failed 2024 presidential campaign.
Persons: Steve Kornacki, Donald Trump, Matt Dixon, Trump's, Sen, Marco Rubio, Trump, Steve Kornacki Donald Trump, Biden, Harris, Loudoun, Democrats ’, Kristi Noem, Noem, Rubio, Mike Huckabee, Mike Waltz, Waltz, Christopher Wray, Wray, Kash Patel, Ron DeSantis, Lara, wouldn’t, Lara Trump, Trump’s, James Uthmeier, Commerce Wilbur Ross, Uthmeier, Read Organizations: NBC, White House, Capitol, Trump, Puerto Ricans, Puerto Rico, GOP, Democrats, Democratic, Republican, South Dakota Gov, Department of Homeland Security, Foreign Relations, Intelligence, Arkansas Gov, Russia, CIA, Trump’s Cabinet, Florida Gov, Senate, State Department, Commerce Locations: Florida, Osceola County , Florida, Orlando, Puerto, Trump’s, Trump’s Puerto Rican, Lawrence , Massachusetts, Massachusetts, Lawrence, Merrimack, Loudoun County , Virginia, Rockland County , New York, New York City, Rockland, America, McKinley County , New Mexico, McKinley, New Mexico, Marco Rubio of Florida, U.S, Israel, China, Ukraine, Matt Dixon TALLAHASSEE, Fla
As successive gunshots rang out early Sunday morning in a parking lot at Tuskegee University in Alabama, Kierra Talley thought she was going to die. Talley, a junior at Alabama State University, was visiting Tuskegee with friends to celebrate the historically Black college’s centennial homecoming celebration when, she said, chaos erupted. He was not a student at Tuskegee, the university said in a statement. Tuskegee University homecoming weekend in Alabama. The scene of a shooting early Sunday during homecoming weekend at Tuskegee University in Alabama.
Persons: Kierra Talley, Talley, , , La’Tavion Johnson, Mark Brown, Jaquez Myrick, Montgomery, Myrick, It’s, it’s, Tony P, ” Talley, Joaquin Crayton Jr, Crayton, WSFA, ” Crayton, I’m, “ I’m Organizations: Tuskegee University, Alabama State University, Tuskegee, University, NBC, Police, Agency, U.S, Associated Press, FBI, — East Alabama Medical Center, Baptist Medical Center, Tennessee State, Albany State University, Alabama State Locations: Alabama, Montgomery County, Opelika , Alabama, Montgomery, Tuskegee, Nashville, Georgia,
The judge overseeing Donald Trump's New York criminal trial delayed a key ruling Tuesday on whether the president-elect's conviction should be set aside, according to correspondence between the parties. The court has granted them a week's delay to provide their position, the clerk informed both sides in a court filing. Donald Trump outside the courtroom as jurors began deliberating at his criminal trial at Manhattan Criminal Court on May 29, 2024 in New York City. Trump was convicted in May on 34 felony counts related to hush money payments made to adult film actress Stormy Daniels. The Justice Department is now winding down the two federal criminal cases against the former and future president.
Persons: Donald Trump's, Trump, Judge Juan Merchan, Matthew Colangelo, Donald Trump, Doug Mills, Alvin Bragg's, Stormy Daniels, Merchan, Fani, Willis Organizations: Manhattan Criminal, The, Trump, Justice, department’s, Trump : Fulton, NBC News Locations: York, New York City, Manhattan, New York, Trump : Fulton County, Georgia
WASHINGTON — The Supreme Court on Tuesday dealt a setback to former White House chief of staff Mark Meadows in his defense against 2020 election interference charges in Georgia, turning away his attempt to transfer his case from state to federal court. His lawyers argued that the case should be moved because he was acting as a “federal officer” at the time and could therefore argue for immunity from prosecution. Circuit Court of Appeals concluding that because Meadows is no longer a federal official, the provision that would allow the case to be moved to federal court does not apply to him. The appeals court also found that even if he was deemed to be a federal officer, "the events giving rise to this criminal action were not related to Meadows' official duties." Meadows faces two counts in the sprawling Georgia election interference case over his role in efforts to keep Trump in power after he lost the 2020 election.
Persons: WASHINGTON —, Mark Meadows, , Meadows, Trump Organizations: White House, Circuit, Trump Locations: Georgia, U.S
CNN —The man accused of killing Georgia nursing student Laken Riley on Tuesday waived his right to a trial by jury and agreed to a bench trial – where a judge will decide his guilt or innocence. With the prosecution in agreement, Superior Court Judge H. Patrick Haggard approved 26-year-old Jose Antonio Ibarra’s waiver. Ibarra, through his translator, told the judge he understands he can’t go back and change this decision. Riley, a 22-year-old Augusta University College of Nursing student, was killed on February 22 while out for a run on the University of Georgia’s campus. Laken Riley, 22, was killed while on a jog at the University of Georgia's campus in February 2024.
Persons: Laken Riley, H, Patrick Haggard, Jose Antonio Ibarra’s, Ibarra, can’t, Riley, Judge Haggard, Kathleeen Magramo Organizations: CNN, Superior, Augusta University College of Nursing, University of Georgia’s, University of Georgia's Locations: Venezuela
Robert F. Kennedy Jr. and Republican presidential nominee and former U.S. President Donald Trump attend a campaign event sponsored by conservative group Turning Point USA, in Duluth, Georgia, U.S., October 23, 2024. Carlos Barria | ReutersRobert F. Kennedy Jr. doesn't just want a top health-care position in the Trump administration, he wants your suggestions for more than 4,000 posts to be appointed by President-elect Donald Trump across the U.S. government. Kennedy's "Make America Healthy" website is seeking recommendations for appointees "across the future Trump administration" and allows users to "read, comment and vote" on those people. says "President Trump and Robert F Kennedy Jr want your help nominating people of integrity and courage." Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024.
Persons: Robert F, Kennedy Jr, Donald Trump, Carlos Barria, Reuters Robert F, doesn't, Trump, Robert F Kennedy, Kennedy, Thomas Machowicz Organizations: Republican, Reuters, ., Agriculture, Energy, Infrastructure, Trump, CNBC Locations: Duluth , Georgia, U.S, New York, Phoenix , Arizona
CNN —An enormous, rancid-smelling, 52-foot sperm whale has lain beached on the shoreline of the Caspian Sea, the world’s largest lake, since Monday. It’s a jarring sight; no sperm whales live in this vast body of water. “When we think the story is right, we pop up in a city,” said Bart Van Peel of Captain Boomer. The aim is to play with fact and fiction, to challenge people’s beliefs and make them think, Van Peel told CNN. So far, thousands of people have gathered to stare at the whale since it was installed early Monday morning, Van Peel said.
Persons: It’s, Boomer, , Bart Van Peel, Captain Boomer, Van Peel, Aziz Karimov, Adnan Hussein, ” Van Peel Organizations: CNN, UN, Reuters Locations: Azerbaijan’s, Baku, Belgian, Europe, Australia, Azerbaijan, Belgium, Turkey, Georgia
CNN —The Supreme Court declined Tuesday to let Mark Meadows move his Georgia election subversion case to federal court, effectively barring the former chief of staff during Donald Trump’s first term from claiming immunity from those charges. Meadows wanted to have his case heard in federal – rather than state – court, where he would be able to raise immunity claims. The Atlanta-based 11th US Circuit Court of Appeals ruled last year that the Georgia prosecution against Meadows should continue in state court, concluding that former federal officials are not covered by that statute “removing” state cases against government officials to federal court. The Georgia case has been at a standstill while an appeals court considers ethics allegations against Fulton County District Attorney Fani Willis. Meadows has also sought to move his criminal case related to the 2020 election in Arizona to federal court but failed to convince a judge in September.
Persons: Mark Meadows, Donald Trump’s, Trump, Meadows, William Pryor’s, , Fani Willis, Willis, CNN’s Tierney Sneed Organizations: CNN, White, Trump, Fulton, Democrat Locations: Georgia, Meadows, North Carolina, Fulton County , Georgia, Atlanta, ” Meadows, United States, Fulton County, Arizona
President-elect Donald Trump on Tuesday won a stay of deadlines in his hush-money case. Trump was to learn Tuesday if the case is dismissed, and if not be sentenced next week. AdvertisementOne week from sentencing, President-elect Donald Trump has won at least a temporary stay in his criminal hush-money case. On Friday, the judge in the Washington, DC-based election-interference case similarly froze all deadlines until at least December 2 on agreement with the special counsel. AdvertisementIn the hush-money case, two pending deadlines are now at least temporarily wiped from the calendar.
Persons: Donald Trump, Trump, , Juan Merchan, Attorney Alvin Bragg, Jack Smith, Fani Willis, Fulton County , Georgia —, Smith, Merchan Organizations: Tuesday, Service, New, Prosecutors, Attorney Locations: Manhattan, Fulton County , Georgia, Washington, DC, Florida
Rivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday. The name of the joint venture, which was expected to close during the fourth quarter, is "Rivian and VW Group Technology, LLC." At the closing of the joint venture, VW will invest about $1.3 billion "as consideration for background IP licenses and a 50% equity stake in the joint venture." The joint venture will be headed by Rivian Chief Software Officer Wassym Bensaid and VW Group Chief Technical Engineer Carsten Helbing. The companies said developers and software engineers from both companies will join the joint venture.
Persons: Oliver Blume, RJ Scaringe, We're, Rivian, Scaringe, Wassym, Carsten Helbing Organizations: Volkswagen Group, Rivian Automotive, VW, Volkswagen, VW Group Technology, Rivian, VW Group Locations: Rivian, Normal , Illinois, Georgia, Palo Alto , California, North America, Europe
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