By: +David Herron; Date: February 16, 2019
A few days ago it was announced Amazon is leading a round of investment into Rivian, a maker of electric trucks. Since Amazon is not into auto manufacturing, that's a puzzler, until you remember that Amazon is working to own more of the delivery system. According to the attached video, Amazon has a quickly growing fleet of airplanes and is starting to take over long-haul delivery tasks that had previously been performed by FedEx, UPS and the US Postal Service. Further, Amazon has bought a large fleet of delivery trucks, and is experimenting with delivery robots. In light of all that, taking an ownership stake in Rivian means that in a couple years Amazon can reduce fuel costs, and if they are autonomous-drive trucks their employee cost could fall.
To learn more on Amazon investing in Rivian: Amazon investing in Rivian, GM possibly to follow
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