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.
America’s 2025 VW Tiguan Teased For LA Debut
VW of America will introduce the redesigned Tiguan on November 20, ahead of its debut at the Los Angeles Auto Show. The ...
Volkswagen recalls nearly 115,000 cars for potentially exploding air bag: See list here
Volkswagen is recalling Beetle and Passat models with Takata air bag inflators that have the potential to explode.
Volkswagen Recalls Over 114,000 Vehicles in US Over Airbag Explosion Risk
The National Highway Traffic Safety Administration announced Volkswagen is recalling vehicles due to airbag concerns.
Volkswagen recalls more than 114,000 cars due to airbag safety
Volkswagen is recalling 114,478 vehicles in the US because of safety concerns over their airbags, the National Highway ...
Volkswagen raises investment in Rivian to $5.8 billion
Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies ...
VW boosts investment in Rivian, but significant challenges remain
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
At $29,800, Is This 2019 VW Golf Alltrack An Alright Bargain?
Well, we just so happen to be in luck, thanks to the used car market and this tidy, low-mileage 2019 Volkswagen Golf SEL ...
autoevolution2d
2025 Volkswagen Golf R Offers 13-HP Increase Over 2024 Model
A revised exterior, hard buttons on the steering wheel, more power for the Golf R, and 12.9-inch touchscreen infotainment are ...
Volkswagen, Mazda, Honda, BMW, Porsche among 304k vehicles recalled: Check car recalls here
The NHTSA recently announced recalls for 304,068 vehicles. This includes BMW, Mazda, Volkswagen, Porsche vehicles and Honda ...
Volkswagen Boosts Bet on Rivian’s EV Tech by $800 Million
Volkswagen AG raised investment plans in Rivian Automotive Inc. by $800 million, signaling its commitment to the US partner ...