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Rivian Jumps On Expanded Volkswagen Joint Venture
VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't always result in long-term successes.
Rivian shares jumps 16% as Volkswagen Boosts Investment in Expanded EV Partnership
Rivian's ( RIVN, Financial) shares soared 16% on Wednesday after the company announced plans to form a deeper partnership with Volkswagen ( VWAGY, Financial ). Volkswagen intends to raise its stake in the joint venture with Rivan and take its total investment up to $5.8 billion from $5 billion.
Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture
Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
Hosted on MSN
21h
Rivian, VW venture kicks off next-gen platform for R1, Scout EVs
And now that venture is officially kicking off with an additional $800 million of investment from
VW
and a near-term goal: ...
1d
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 ...
2h
Rivian stock price forecast: here’s why RIVN could surge 125%
Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with ...
1d
Rivian And VW Are Going At It Together
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1d
Rivian and VW Try to Save Each Other
Volkswagen, staggered by its lack of success in the electric vehicle (EV) market, and
Rivian
Automotive Inc. (NASDAQ: RIVN) ...
21h
VW boosts investment in Rivian, but significant challenges remain
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
1d
on MSN
Inside VW and Rivian’s $5.8 Billion Bet to Rescue Each Other
The Germans were impressed by what they found in California: a car that had been retrofitted so that the controls for ...
12h
Volkswagen raises bet on Rivian by US$800mil
Volkswagen AG (VW) and Rivian Automotive Inc have named leaders for their multi-billion-dollar joint venture (JV) and ...
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