Tag: Rivian
VW and Rivian launch joint venture, Elon Musk to lead ‘DOGE’
Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. The two companies say the deal is now worth $5.8bn (£4.55bn) - up from an initial pledge from VW of $5bn. Shares in the US electric vehicle (EV) maker jumped more than 9%…
VW invests up to $5bn in Tesla rival, Ford teases ‘Capri’ EV
German car-making giant Volkswagen (VW) says it will invest up to $5bn (£3.94bn) in Tesla rival Rivian. The deal creates a joint venture that will allow VW and the US-based electric vehicle (EV) maker to share technology. Rivian shares jumped by almost 50% after the announcement. The tie-up comes as competition intensifies between EV makers…
