The Rivian-Volkswagen joint venture deal is now up to $5.8B
1 day ago · 1:11 PM PST · November 12, 2024. Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV ...
Volkswagen Boosts Bet on Rivian’s EV Technology by $800 Million
1 day ago · The two companies agreed in June to develop battery-powered vehicles together, with VW expected to invest as much as $5 billion into Rivian. On Tuesday, VW boosted its investment plans by another ...
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
1 day ago · Nov. 12, 2024, 4:11 p.m. ET. Volkswagen, the German automaker, and Rivian, a California-based maker of electric pickups and S.U.V.s, said on Tuesday they would form a joint venture to develop ...
Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars ...
1 day ago · The companies said the deal is now up to $5.8 billion – up from $5 billion – with the first VW models to use Rivian’s software and electrical architecture arriving as early as 2027.
Rivian, Volkswagen Group launch $5.8 billion joint venture
1 day ago · Volkswagen Group plans to invest up to $5.8 billion in Rivian and the joint venture by 2027, they said, adding that an initial investment of $1 billion in the form of a convertible note has ...
Volkswagen's $5 bln investment in Rivian boosts EV maker's shares
SAN FRANCISCO, June 25 (Reuters) - German automaker Volkswagen Group (VOWG_p.DE) will invest up to $5 billion in U.S. electric-vehicle maker Rivian (RIVN.O) as part of a new, equally controlled...
Volkswagen Will Invest Up to $5 Billion in Rivian - The New York Times
Jun 25, 2024 · Volkswagen, the German automaker, said on Tuesday that it would invest up to $5 billion in Rivian, a maker of electric trucks that has struggled to turn a profit, and that the companies would...
VW will invest up to $5 billion in Rivian as part of new EV joint ...
Jun 25, 2024 · Volkswagen is investing $1 billion in Rivian as part of a new joint venture that will give the German auto giant access to the buzzy California EV company’s software and EV platform. Rivian...
Rivian and Volkswagen Group Announce Plans for Joint Venture …
Jun 25, 2024 · Volkswagen Group to invest an initial $1 billion in Rivian, with up to $4 billion in planned additional investment for a total expected deal size of $5 billion. Joint venture is expected to...
Rivian and VW join up to design vehicle software - CNN
Jun 25, 2024 · Rivian and Volkswagen Group are forming a joint venture to create vehicle software, the two companies announced Tuesday. VW will invest a total of $5 billion into struggling electric vehicle...