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Rivian, VW
Inside VW and Rivian’s $5.8 Billion Bet to Rescue Each Other
The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.
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,
Volkswagen, Rivian launch their $5.8B joint venture
The announcement lifts the veil on one of the largest automotive deals this year, providing more details on its goals, leadership and financial structure.
2d
on MSN
Rivian Appears Ready to Solve Its Biggest Problem. Is the Stock a Buy?
As noted above, Rivian's biggest issue has been its negative gross margin, which continued in the quarter. It reported a ...
The Pantagraph
1d
Rivian and Volkswagen finalize joint venture worth up to $5.8B
Electric vehicle startup Rivian and German automobile giant Volkswagen have finalized their joint venture. Here's a deeper ...
3d
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 ...
3d
Rivian: It May Get Worse Before It Gets Better
Rivian’s losses widen in Q3 amid parts shortages and weak margins. Read why RIVN stock is currently a hold while awaiting ...
8d
on MSN
Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV
A lower production outlook for the year has hit profits due to
Rivian
’s “limited ability to leverage the fixed costs” at ...
3d
on MSN
VW and Rivian officially kick off $5.8 billion joint venture, announce leadership
Last June, VW said it would invest $5 billion in Rivian as part of a new joint venture that’s focused on developing a new ...
2d
Rivian Shares Rise 13% In Pre-Market: What's Going On?
Rivian shares are up 13% in premarket trading after Volkswagen increased their planned investment to $5.8 billion.
7d
Rivian opens second Chicago-area showroom at north suburban Old Orchard shopping center
The 3,500-square-foot space, tucked in next to a Levi’s store and mall anchor Macy’s at the nexus of the shopping promenade, ...
8d
Rivian takes major revenue hit as supplier problem persists
Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts' estimates — as the ...
The Business Journals
2d
Rivian-Volkswagen partnership to produce EV tech for R2 model
Rivian
is teaming up with Volkswagen in a $5.8 billion joint ... Related: EV maker getting $827 million from Illinois to ...
1d
on MSN
Rivian, Tesla slide on report Trump plans to nix EV tax credit
While Tesla is by far the top EV seller in the US, Chief Executive Officer Elon Musk has said the company will be better ...
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