VW launches $5.8bn tie-up with Tesla rival Rivian
Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. The two companies say the deal is now worth $5.8bn (£4.55bn) - up from an initial pledge from VW of $5bn.
The Germans were impressed by what they found in California: a car that had been retrofitted so that the controls for ...
Last June, VW said it would invest $5 billion in Rivian as part of a new joint venture that’s focused on developing a new ...
Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as ...
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VW’s big wake-up call was the Shanghai auto show in April 2023, when the carmaker saw firsthand that digital features such as ...
Volkswagen, staggered by its lack of success in the electric vehicle (EV) market, and Rivian Automotive Inc. (NASDAQ: RIVN) ...
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
VW's investment in Rivian is growing as the joint venture gets off the ground for software and electrical architecture.
Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from ...
The venture will be jointly run by Rivian's Chief Software Officer, Wassym Bensaid, and Carsten Helbing, Volkswagen Group's ...
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
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