Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will
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Rivian and VW finalize joint venture worth up to $5.8B
Electric vehicle startup Rivian and German automobile giant Volkswagen finalized their joint venture Tuesday, a $5.8 billion deal that could prove transformational for both automakers.
The Rivian-Volkswagen joint venture deal is now up to $5.8B
Rivian and Volkswagen Group have finalized a multi-billion-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.
VW Picks an Awkward Time to Raise Its Bet on Rivian to $5.8 Billion
Volkswagen’s already contentious decision to plow billions of dollars into electric-vehicle maker Rivian just got $800 million more awkward. The German manufacturer upset its powerful works council earlier this year when it announced plans to invest up to $5 billion in Rivian.
VW and Rivian Announce $5.8 Billion Joint Venture
Volkswagen and Rivian have officially announced a joint venture, “Rivian and VW Group Technology, LLC,” that will kick off on November 13th. The collaboration, which will be led by Rivian software chief Wassym Bensaid and VW Group chief technology engineer Carsten Helbing,
Costly Collaboration: Why Volkswagen’s $5.8B Rivian Investment Seems Doomed
By investing $5.8 billion in electric vehicle pioneer Rivian, Volkwagen hoped the startup’s expertise would improve its EV presence as well as generate profits. However, Rivian’s $80,000 trucks have proved to create low consumer demand,
Woah, Volkswagen will invest up to $5.8bn into US electric carmaker Rivian
Volkswagen will invest up to $5.8bn into Rivian as part of a new joint venture that’ll see them both working extremely closely on their future electric cars. In short, it means Rivian can get a boatload of cash and Volkswagen’s scale to launch and evolve the R2 (pictured above) and other models.
Here’s Why VW Is Now Teaming Up with Rivian
VW and Rivian are betting they can help each other with their EV lineups at an increasingly precarious time in the industry.
Rivian, Volkswagen announce new joint venture, $5.8 billion software, electric vehicle deal
Electric vehicle manufacturer Rivian Automotive and the Volkswagen Group are partnering up in a nearly $6 billion deal to ...
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Rivian, Volkswagen Finalize Joint Venture to Revolutionize EV Software
The joint venture, first announced in June, will use Rivian's proficiency in simplifying vehicle electronics and VW's capital ...
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Volkswagen Gathers Rivian Talent for Silicon Valley Software Hub
as VW has been leveraging Rivian’s software talent months before the official announcement. VW’s software division, Cariad, has hired at least 23 senior employees from Rivian, including key ...