The Rivian-Volkswagen joint venture deal is now up to $5.8B
Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June.
Volkswagen expands joint venture with Rivian on electric vehicles
Volkswagen’s new commitment to their deal with Rivian is a hit on Wall Street. Rivian stocks jumped Wednesday afternoon after their announced an expansion of their partnership with Volkswagen. VW is investing in their attempts to build EVs in Georgia.
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating ...
Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from ...
Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as ...
ESCP Business School provides funding as a member of The Conversation FR. In late October 2024, Volkswagen’s works council ...
Reuters on MSN1d
Volkswagen raises investment in Rivian to $5.8 billionNov 12 (Reuters) - Volkswagen Group (VOWG_p.DE), opens new tab raised its investment in Rivian (RIVN.O), opens new tab by ...
The airbag defect could "result in serious injury or death" because this explosive faulty part could send metal fragments ...
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