VW and Rivian Announce $5.8 Billion Joint Venture
but secures the launch of and growth of R2 in our Georgia facility and through free cashflow positive for us as a business.” The post VW and Rivian Announce $5.8 Billion Joint Venture appeared first on The Online Automotive Marketplace.
Volkswagen and Rivian officially launch joint venture
Volkswagen and US electric car maker Rivian have entered into a transaction agreement, officially creating their joint venture. To that end, the German automaker invested 5.8 billion dollars in Rivian - more than initially planned.
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.
Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.
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.
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Volkswagen Boosts Bet on Rivian’s EV Tech by $800 Million
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