VW and Rivian Announce $5.8 Billion Joint Venture
According to Rivian CEO RJ Scaringe, the new capital will help carry the company through R2 production at its existing plant in Normal, Illinois, as well as allow work to continue on the midsized EV platform at a factory in Georgia: “This partnership and ...
Rivian and Volkswagen finalize joint venture worth up to $5.8B
Electric vehicle startup Rivian and German automobile giant Volkswagen have finalized their joint venture. Here's a deeper look at the new partnership.
VW and Rivian officially kick off $5.8 billion joint venture, announce leadership
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, including subcompact cars, with the first planned for 2027. The investment size has now increased to $5.8 billion.
Rivian and VW finalize joint venture worth up to $5.8B
Electric vehicle startup Rivian and German automobile giant Volkswagen finalized their joint venture Tuesday, a $5.8 billion deal that could prove transformational for both automakers.
Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will
Before we jump into the news, I wanted to steer you toward a recent TechCrunch Equity podcast episode with Waabi co-founder and CEO Raquel Urtasun. The Rivian-Volkswagen Group joint venture has been officially finalized.
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 the deal is now worth $5.8bn (£4.
Volkswagen boosts bet on Rivian’s EV tech by $800 million
Volkswagen AG raised investment plans in Rivian Automotive Inc. by $800 million, signaling its commitment to the U.S. partner even as electric-vehicle demand softens and the incoming Trump administration threatens to curtail supportive policies.
Volkswagen, Rivian launch their $5.8B joint venture
The announcement lifts the veil on one of the largest automotive deals this year, providing more details on its goals, leadership and financial structure.
Rivian Appears Ready to Solve Its Biggest Problem. Is the Stock a Buy?
As noted above, Rivian's biggest issue has been its negative gross margin, which continued in the quarter. It reported a ...
Safety concerns mount at Rivian’s Illinois plant amid OSHA violations
Rivian's Normal, Illinois plant has been cited for 16 initial OSHA violations in less than two years, sparking concerns over ...
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 ...
Rivian: It May Get Worse Before It Gets Better
Rivian’s losses widen in Q3 amid parts shortages and weak margins. Read why RIVN stock is currently a hold while awaiting ...
Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV
A lower production outlook for the year has hit profits due to Rivian’s “limited ability to leverage the fixed costs” at ...
Rivian opens second Chicago-area showroom at north suburban Old Orchard shopping center
Chicago, which is 130 miles north of the sole Rivian factory in downstate Normal, now has two retail locations — tied with ...
Rivian takes major revenue hit as supplier problem persists
Rivian announced Thursday a battery supplier partnership with LG Energy Solution (LGES) to supply batteries for the R2.
The Business Journals1d
Rivian-Volkswagen partnership to produce EV tech for R2 model
Rivian is teaming up with Volkswagen in a $5.8 billion joint ... Related: EV maker getting $827 million from Illinois to ...
Rivian, Tesla slide on report Trump plans to nix EV tax credit
While Tesla is by far the top EV seller in the US, Chief Executive Officer Elon Musk has said the company will be better ...