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VW Ink Joint Venture
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.
The Rivian-Volkswagen joint venture deal is now up to $5.8B
Rivian and Volkswagen Group have finalized a multibillion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June.
Rivian And VW's $5.8B Joint Venture Will Power A Lot, Including 'Subcompact Cars'
The venture will be jointly run by Rivian's Chief Software Officer, Wassym Bensaid, and Carsten Helbing, Volkswagen Group's CTO. They'll serve as co-CEOs. It'll be based in Palo Alto, California, to start. Three more sites are in development North America and Europe, the companies said on Tuesday.
8h
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VW invests 6 billion dollars in loss-making company Rivian
VW will be working with Rivian on the development of future electric cars. An agreement worth almost six billion dollars has ...
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Hyundai, Kia, VW to unveil all-new models at 2024 L.A. Auto Show
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https//carbuzz on MSN
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That Time Volkswagen Tried To Turn The Beetle Into A Blistering Hot Hatch
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Volkswagen raises investment in Rivian to $5.8 billion
Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies ...
ConsumerAffairs
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Volkswagen hits speed bumps in its race to an all-electric future
It wasn't long ago that Volkswagen, the world's second largest automaker, had weathered the Dieselgate scandal and jumped ...
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