VW launches $5.8bn tie-up with Tesla rival Rivian
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 $5.8bn (£4.55bn) - up from an initial pledge from VW of $5bn.
VW and Rivian Launch $5.8 Billion Joint Venture to Tackle EV Market Challenges
Volkswagen Group has expanded its planned investment in electric vehicle (EV) startup Rivian Automotive, increasing the total to $5.8 billion as the two companies announced a broader joint venture aimed at sharing critical technology and scaling production.
The Germans were impressed by what they found in California: a car that had been retrofitted so that the controls for ...
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 ...
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
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VW, which plans to close three plants in its home market in Germany due to slow sales, will invest $5.8 billion in Rivian.
Volkswagen is recalling nearly 115,000 cars due to a dangerous airbag defect. The models affected include certain 2017-2019 ...
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GTI makes 242 hp instead of last year’s 241 hp but R gets a 13 hp boost; both are available solely with a DSG transmission ...
Meet the woman whose Volkswagen Bug, lovingly dubbed "Blue Whale," has charmed her community for 50 years with its magenta ...
It’s refreshing to see manufacturers still making sedans that the average South African family can afford. The Volkswagen ...
GAC has revealed the new Aion UT’s exterior and interior styling ahead of its debut. The electric hatchback will rival the ...
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