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Rivian, Volkswagen
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.
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, Volkswagen announce new joint venture, $5.8 billion software, electric vehicle deal
Electric vehicle manufacturer Rivian Automotive and the Volkswagen Group are partnering up in a nearly $6 billion deal to create a new technology company.
1d
on MSN
VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't ...
2d
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 ...
Tech Xplore on MSN
16h
Volkswagen: the end of a German industrial myth?
In late October 2024, Volkswagen's works council announced that the group's management was considering closing three ...
1d
Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Although the deal will dilute existing Rivian shareholders to some extent, on balance it's hugely bullish for the company. The Volkswagen deal ensures that Rivian will have ample cash to launch its ...
10d
on MSN
Volkswagen’s $4.3 billion cost-cutting plan threatens German legacy
Volkswagen is set to make an unprecedented move: closing three German factories in a drastic cost-saving effort aimed at ...
The Business Journals
2d
Rivian-Volkswagen partnership to produce EV tech for R2 model
Rivian is teaming up with
Volkswagen
in a $5.8 billion joint venture for EV innovation on its R2 model, which the
company
...
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