Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will
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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.
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.
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 US 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 (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!
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Oliver Blume
Oliver Blume, CEO of the $348 billion auto juggernaut Volkswagen, lives life in the fast lane. The dual boss of the ...
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VW and Rivian Announce $5.8 Billion Joint Venture
“The positive aspect is that we will be scalable, from the very small segment up to luxury cars, [and] sports cars,” said ...
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.
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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 ...
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VW needs to cut costs after ‘decades of structural problems,’ CEO Oliver Blume says
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Stocks mixed after inflation data; Movers: Spirit Airlines, Rivian, Spotify
With its implementation, we will strengthen our global competitive and technological position," VW CEO Oliver Blume said ...
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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 ...
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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 ...