The Rivian-Volkswagen joint venture deal is now up to $5.8B
3 days ago · The companies designed the joint venture as a 50-50 partnership with co-CEOs, who will report into both Rivian and Volkswagen Group. Rivian’s head of software, Wassym Bensaid, and Volkswagen ...
Volkswagen raises investment in Rivian to $5.8 billion | Reuters
3 days ago · Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies kick off their planned joint venture to develop electric vehicle ...
Faster, Leaner, More Efficient: Rivian and Volkswagen Group …
4 days ago · Rivian Automotive (NASDAQ: RIVN) and Volkswagen Group (XETRA: VOW / VOW3) entered into a transaction agreement to create their new joint venture (JV) – “Rivian and VW Group Technology, LLC”, known as Rivian and Volkswagen Group Technologies - with a total deal size of up to $5.8 billion, which is expected to start on November 13. Through this JV, the companies plan to bring next ...
Rivian shares surge on $5.8 bln Volkswagen investment in JV
2 days ago · Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars ...
3 days ago · The companies said the deal is now up to $5.8 billion – up from $5 billion – with the first VW models to use Rivian’s software and electrical architecture arriving as early as 2027.
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
3 days ago · The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles. By Jack Ewing and Melissa Eddy Volkswagen ...
Rivian, Volkswagen Group Launch $5.8 Billion Joint Venture - U.S. News
4 days ago · Volkswagen Group plans to invest up to $5.8 billion in Rivian and the joint venture by 2027, they said, adding that an initial investment of $1 billion in the form of a convertible note has ...
Volkswagen's $5 bln investment in Rivian boosts EV maker's shares
SAN FRANCISCO, June 25 (Reuters) - German automaker Volkswagen Group (VOWG_p.DE) will invest up to $5 billion in U.S. electric-vehicle maker Rivian (RIVN.O) as part of a new, equally...
Volkswagen Will Invest Up to $5 Billion in Rivian - The New York Times
Jun 25, 2024 · Volkswagen, the German automaker, said on Tuesday that it would invest up to $5 billion in Rivian, a maker of electric trucks that has struggled to turn a profit, and that the companies would...
Rivian shares soar on massive cash injection from Volkswagen | AP News
Jun 26, 2024 · Shares of Rivian are soaring before the opening bell after Volkswagen agreed to invest $1 billion in the electric vehicle maker immediately and a potential total of up to $5 billion as part of a software development agreement.