Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian’s software and electrical architecture arriving as early as 2027.
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 (RIVN) and Volkswagen officially launch their new EV business partnership
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to
VW And Rivian Team Up To Develop EV Tech for 2027 Launch
Volkswagen originally promised a $5 bn deal to collaborate on software and architecture, but announced it was upping its stake this week
Rivian, Volkswagen joint venture becomes official
Rivian's joint venture with Volkswagen has been made official, with a fresh investment from the German giant in the US EV startup on the way.
Volkswagen and Rivian Officially Launch Joint Venture Agreement
The two companies have formed a joint venture partnership to develop new software-based vehicle platforms that'll underpin future cars from both automakers.
VW-Rivian Announce Billion Dollar Venture
Volkswagen said it would invest up to $5.8 billion in a joint venture with Rivian Automotive. The German automaker plans to invest up to $5.8 billion in Rivian. Watch this report for more details!
Fortune2d
Oliver Blume
Oliver Blume, CEO of the $348 billion auto juggernaut Volkswagen, lives life in the fast lane. The dual boss of the ...
Inside VW and Rivian’s $5.8 Billion Bet to Rescue Each Other
The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.
Automotive News10d
VW needs to cut costs after ‘decades of structural problems,’ CEO Oliver Blume says
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VW boss Blume says company's cost-cutting goals are set
VW Group CEO Oliver Blume sees no alternative to tough cost-cutting measures at Volkswagen, according to an newspaper interview published on Sunday. "The goal for cost and capacity adjustments has ...
CEO says VW cost cutting necessary after ‘structural problems,’ Reuters reports
Volkswagen’s (VWAGY) planned cost-cutting program was unavoidable in order to remedy “decades of structural problems” at the ...
Inside EVs4mon
Porsche Seven-Seat Flagship K1 Electric SUV: Everything We Know
During Porsche's annual general meeting in 2023, CEO Oliver Blume confirmed that the company plans an all-electric SUV—codenamed K1—positioned above the upcoming Cayenne Electric. The flagship ...
Yahoo Finance11d
VW cost cutting necessary after 'decades of structural problems', CEO tells paper
BERLIN (Reuters) - Volkswagen's planned cost-cutting programme was unavoidable in order to remedy "decades of structural problems" at the German carmaker, CEO Oliver Blume said in an interview ...
GlobalData on MSN10d
Volkswagen unveils cost-cutting measures to address structural issues
Volkswagen is planning to implement significant cost reductions methods to enhance competitiveness and maintain sustainability.
CarsGuide on MSN17h
Will we get the most exciting EV brand?
Volkswagen and American electric carmaker Rivian’s joint venture is now official. The German company has tipped in US$5.8b ...