Volkswagen Group raised its investment in Rivian by 16 per cent to $5.8 billion, the two automakers said on Tuesday, as the ...

NEW YORK, Nov 13, 2024 (BSS/AFP) - German automaker Volkswagen and US electric vehicle manufacturer Rivian aim to begin ...

Volkswagen Group has increased its planned investment in an announced joint venture with electric vehicle maker Rivian ...

The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical ...

The firms will share EV technology as they face slowing demand and competition from Chinese rivals.

Rivian Automotive Inc. and Volkswagen Group have launched their upsized joint venture, vowing to join forces to create "cutting edge" EV technology. Rivian (RIVN) and the German-based car maker ...

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 ...

The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, ...

Volkswagen Group plans to invest up to $5.8 billion in Rivian and the joint venture by 2027. The initial $1 billion investment, the form of convertible notes, has already been made.

Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...

Authorities have identified a 24-year-old man killed in a single-vehicle crash Friday morning on the Catalina Highway.