The Rivian-Volkswagen joint venture deal is now up to $5.8B
Nov 12, 2024 · 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 ...
Here’s Why VW Is Now Teaming Up with Rivian - Autoweek
4 days ago · Rivian and the Volkswagen Group have formed a joint venture and are seeking to share software and platforms in the coming years, with the German automaker set to invest $5.8 billion in Rivian by 2027.
VW and Rivian officially kick off $5.8 billion joint venture, …
Nov 12, 2024 · Volkswagen and Rivian have crossed all their T’s and dotted all their I’s in their new $5.8 billion joint venture, which officially kicks off its work on November 13th, the companies announced...
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 ...
Volkswagen raises investment in Rivian to $5.8 billion | Reuters
Nov 12, 2024 · Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies kick off their planned joint venture to develop electric vehicle ...
VW’s $5.8 billion investment in Rivian isn’t ... - NBC Chicago
6 days ago · Through 2028, Volkswagen said it will fund 75% of the shared platform costs within the joint venture, with Rivian funding 25%. Starting in 2029, VW will fund an incremental $100 million per year ...
Volkswagen, Rivian form $5.8bn JV to drive innovation in EV …
6 days ago · As part of the new agreement, Volkswagen will increase its investment in Rivian to $5.8bn. This investment includes a 50% stake in the JV. As part of the deal, Rivian will receive a significant ...
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
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 venture to develop software and electronics,...
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...
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...