The Rivian-Volkswagen joint venture deal is now up to $5.8B
2 days ago · Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June. Volkswagen Group has already made an initial investment of $1 billion in the form ...
Faster, Leaner, More Efficient: Rivian and Volkswagen Group …
3 days ago · Rivian Automotive (NASDAQ: RIVN) and Volkswagen Group (XETRA: VOW / VOW3) entered into a transaction agreement to create their new joint venture (JV) – “Rivian and VW Group Technology, LLC”, known as Rivian and Volkswagen Group Technologies - with a total deal size of up to $5.8 billion, which is expected to start on November 13. Through this JV, the companies plan to bring next ...
Will Rivian be Volkswagen’s software savior? VW is betting $5.8B …
6 hours ago · The Rivian-Volkswagen Group joint venture has been officially finalized. Before the parties signed on the dotted line, it got about 16% bigger. The deal will now inject up to $5.8 billion into ...
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
2 days ago · By Jack Ewing and Melissa Eddy. Nov. 12, 2024. Volkswagen, the German automaker, and Rivian, a California-based maker of electric pickups and S.U.V.s, said on Tuesday that they would form a joint ...
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW ...
2 days ago · The integration of Rivian's software is expected to start with the Volkswagen brand, followed by Audi as well as VW's forthcoming Scout brand, Blume said. He also mentioned "sports cars" could be ...
Volkswagen raises investment in Rivian to $5.8 billion | Reuters
2 days ago · Nov 12 (Reuters) - Volkswagen Group (VOWG_p.DE) raised its investment in Rivian (RIVN.O) by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies kick off their planned joint ...
Scout Motors EVs will use Rivian-VW software and architecture
Oct 30, 2024 · VW’s new offshoot EV company Scout Motors, which revealed its first two vehicles last week, will use the software and zonal architecture being developed by the joint venture between Rivian...
VW launches $5.8bn partnership with Tesla rival Rivian - BBC
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 deal is now worth $5 ...
Scout Motors mounts an electric comeback with new SUV and …
Oct 24, 2024 · Scout Motors revealed its first two electric vehicle concepts: the Terra truck and the Traveler SUV. Both vehicles will get 350 miles of range and sell for under $60,000 when they go on sale in...
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...