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.
And now that venture is officially kicking off with an additional $800 million of investment from VW and a near-term goal: ...
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 ...
Rivian (RIVN) is losing over $1B per quarter, or $30K-$40K on each truck it sells, with current volumes not enough to sustain ...
Marketing Week’s weekly round-up of the technology stories that impact the marketing sector: from AI to martech, regulation ...
VW, which plans to close three plants in its home market in Germany due to slow sales, will invest $5.8 billion in Rivian.
Volkswagen is recalling nearly 115,000 cars due to a dangerous airbag defect. The models affected include certain 2017-2019 ...
Remember the commercial truck maker called International Harvester that made rugged SUVs and trucks with the Scout name back ...
The Germans were impressed by what they found in California: a car that had been retrofitted so that the controls for ...
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