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Rivian Jumps On Expanded Volkswagen Joint Venture

Hemmings on MSN · 57m

VW and Rivian Announce $5.8 Billion Joint Venture

Volkswagen and Rivian have officially announced a joint venture, “Rivian and VW Group Technology, LLC,” that will kick off on November 13th. The collaboration, which will be led by Rivian software chief Wassym Bensaid and VW Group chief technology engineer Carsten Helbing,

Hosted on MSN · 1d

Rivian, VW venture kicks off next-gen platform for R1, Scout EVs

Developping a common manufacturing and tech platform to be used for Rivian’s upcoming R2 SUV and VW’s Scout EVs, as well as other upcoming models. “The [joint venture] is highly complementary, reflecting Rivian’s industry-leading software and ...

TechCrunch on MSN · 1d

The Rivian-Volkswagen joint venture deal is now up to $5.8B

Rivian and Volkswagen Group have finalized a multibillion-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.

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Volkswagen raises investment in Rivian to $5.8 billion

Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies ...

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Volkswagen AG's Fledgling Scout Brand Faces Opposition From Powerful U.S. Dealer Lobby

Volkswagen's direct-to-consumer strategy faces legal opposition, complicating growth. See why VWAGY stock remains a buy ...

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