Rivian investment a ‘catch-up move' for Volkswagen that could take years to pay off, advisory firm says
Headline from NBC 6 South Florida
Volkswagen’s $5 billion investment in electrical vehicle startup Rivian is a “catch-up move” for the German auto maker, Cyrus Mewawalla says.
NBC 6 South Florida's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
A surprise partnership between the young California EV maker and a global auto giant could position both to better compete with Tesla and Chinese rivals.
The companies said the new venture will be “equally controlled and owned.” The companies said they will develop “next generation” battery-powered vehicles with leading edge software.
German auto giant Volkswagen will invest $5 billion in US electric vehicle maker Rivian and create a joint venture expected to produce technology used by
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...
Volkswagen's $5 billion investment in Rivian sparks a 50% surge in the EV maker's stock, offering a lifeline to the struggling startup and access to Rivian's technology for the German automaker.
Electric car maker Rivian’s shares soared more than 35% to nearly $12 per share in premarket trading Wednesday after Volkswagen revealed it would invest up to $5 billion to jumpstart the Tesla rival’s growth.
By Peter Valdes-Dapena, CNN (CNN) — Rivian and Volkswagen Group are forming a joint venture to create vehicle software, the two companies announced Tuesday. VW will invest a total of $5 billion into struggling electric vehicle maker Rivian as part of the arrangement, including a $1 billion immediate…
Rivian and Volkswagen Group announced on Tuesday the two companies would be working on a joint venture to develop next-generation electrical architecture and best-in-class software technology.
Electric carmaker Rivian is getting a jolt from Volkswagen, which announced it will make a $5 billion investment in the company over the next two years.
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion
Volkswagen and Rivian have announced a joint venture that will bring Rivian’s EV software expertise to VW’s product lineup. The $5 billion deal has provided a lifeline to Rivian, which has faced major financial problems this year.
Rivian shares jumped 50% in extended trading on Tuesday following news that German automaker Volkswagen plans to invest $5 billion in the EV startup. Monitor this key chart area.
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Rivian investment a ‘catch-up move' for Volkswagen that could take years to pay off, advisory firm says | Since Then
