20 votes

Volkswagen to invest up to $5 billion in electric vehicle maker Rivian as part of tech joint venture

Posted by Fal
Tags: germany, automotive, automotive industry, vehicles.electric, cars, suv, trucks, business, investment, joint ventures, volkswagen, rivian, author.abhirup roy, source.reuters, short read, paywall
https://www.reuters.com/business/autos-transportation/volkswagen-invest-up-5-billion-rivian-part-tech-joint-venture-2024-06-25/

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Published
Jun 25 2024
Word count
131 words

1 comment

  1. Papavk
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    This is an interesting development. A huge boost for Rivian but I'm not sure I see the value for VW. The software piece doesn't make sense if they are deploying a rebuilt architecture in 2028...

    This is an interesting development. A huge boost for Rivian but I'm not sure I see the value for VW. The software piece doesn't make sense if they are deploying a rebuilt architecture in 2028 model year cars. I wonder if this was just a good time to invest in Rivian? The stocks were down, they need capital and maybe some bonus value comes out of the JV?

    3 votes