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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The spending may ease concerns about Rivian's cash burn and give the German carmaker access to its US partner's software ...
Volkswagen, staggered by its lack of success in the electric vehicle (EV) market, and Rivian Automotive Inc. (NASDAQ: RIVN) ...
VW's investment in Rivian is growing as the joint venture gets off the ground for software and electrical architecture.
Goldman Sachs raised the firm’s price target on Rivian Automotive (RIVN) to $12 from $10 and keeps a Neutral rating on the shares. The ...
Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from ...
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