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.

The joint venture will use the EV maker's existing technology to launch Rivian R2 in the first half of 2026 and potentially debut Volkswagen Group models as early as 2027.

The two carmakers on Tuesday said their joint venture, which was announced in June, would be led jointly by representatives from both companies: Rivian’s chief software officer, Wassym Bensaid, and VW ...

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 ...

Volkswagen is facing some financial problems at the moment because of its push to develop EVs. This is why it should prove a warning to its rivals.

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