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5/21/2019, 8:55 PM (Source: TeleTrader)
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Bezos 'very excited' about car industry innovation - report

Amazon Chief Executive Jeff Bezos told employees he was "very excited" about the future of the auto industry, emphasizing it would be something interesting to watch and participate in, CNBC reported on Tuesday, citing a recording of a staff meeting it had heared.

"If you think about the auto industry right now, there’s so many things going on with Uber-ization, electrification, the connected car - so it’s a fascinating industry," Bezos said according to the recording. "It’s going to be something very interesting to watch and participate in, and I’m very excited about that whole industry," retail giant's CEO added.

In February, Electric pickup truck manufacturer Rivian Automotive secured $700 million, majority of the funding coming from Amazon.

Breaking the News / BM