The Rivian-Volkswagen joint venture deal is now up to $5.8B
Nov 12, 2024 · The companies designed the joint venture as a 50-50 partnership with co-CEOs, who will report into both Rivian and Volkswagen Group. Rivian’s head of software, Wassym Bensaid, and Volkswagen ...
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.
Faster, Leaner, More Efficient: Rivian and Volkswagen Group …
Nov 12, 2024 · 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 ...
VW and Rivian officially kick off $5.8 billion joint venture, …
Nov 12, 2024 · The new joint venture, dryly named “Rivian and VW Group Technology, LLC,” will be led by Rivian software chief Wassym Bensaid and VW Group chief technology engineer Carsten Helbing.
Volkswagen raises investment in Rivian to $5.8 billion | Reuters
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...
VW launches $5.8bn partnership with Tesla rival Rivian - BBC News
6 days ago · 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...
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
Nov 12, 2024 · 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 ...
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...
VW will invest up to $5 billion in Rivian as part of new EV joint venture
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 · Rivian and Volkswagen Group intend to enter a joint venture to create next generation software-defined vehicle (SDV) platforms to be used in both companies’ future electric vehicles
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