Volkswagen and Rivian Form Joint Venture, Deepening Alliance
2 days ago · The new joint venture will be known as Rivian and VW Group Technology and will be led by Wassym Bensaid of Rivian and Carsten Helbing of Volkswagen. Its headquarters will be in Palo Alto, Calif.
The Rivian-Volkswagen joint venture deal is now up to $5.8B
2 days ago · The new joint venture — Rivian and Volkswagen Group Technologies — will officially kick off November 13 as an independent company. And, if successful, it could be a boon for both companies.
VW and Rivian officially kick off $5.8 billion joint venture, …
2 days ago · 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 electrical architecture and vehicle software for future models ...
Faster, Leaner, More Efficient: Rivian and Volkswagen Group …
3 days ago · Rivian Automotive (NASDAQ: RIVN) and Volkswagen Group (XETRA: VOW / VOW3) entered into a transaction agreement to create their new joint venture (JV) – “Rivian and VW Group Technology, LLC”, known as Rivian and Volkswagen Group Technologies - with a total deal size of up to $5.8 billion, which is expected to start on November 13. Through this JV, the companies plan to bring next ...
Volkswagen raises investment in Rivian to $5.8 billion
2 days ago · Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies kick off their planned joint venture to develop electric vehicle ...
Faster, Leaner, More Efficient: Rivian and Volkswagen Group …
2 days ago · At closing of the Joint Venture, Volkswagen Group will invest about $1.3 billion as consideration for background IP licenses and a 50% equity stake in the joint venture.
Rivian (RIVN) and VW officially launch their new EV joint venture
2 days ago · On Tuesday, Rivian and VW officially entered into an agreement to create their new joint venture, “Rivian and VW Group Technology, LLC.” The total deal size is up to $5.8 billion and is ...
Rivian announces Volkswagen joint venture investment - Detroit …
1 day ago · 0:04. 0:32. Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture. The ...
Rivian and Volkswagen Group Announce Plans for Joint
Manage Preferences. Rivian and Volkswagen Group Announce Plans for Joint Venture to Create Industry-Leading Vehicle Software Technology and for Strategic Investment by Volkswagen.
VW launches $5.8bn partnership with Tesla rival Rivian - BBC News
2 days ago · 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 ...