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. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June.
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.
Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.
Rivian shares surge on $5.8 billion Volkswagen investment in JV
Shares of Rivian jumped over 13% in premarket trading Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture. The investment boost comes at a crucial time for Rivian,
Rivian Stock Rallies as Volkswagen Joint Venture Is Upsized to $5.8 Billion
Volkswagen will invest up to $5.8 billion in Rivian stock and a joint venture—up from a $5 billion deal value envisaged when the collaboration was announced in June. Rivian stoc
Rivian Stock Gains On $5.8 Bln JV With Volkswagen
Shares of Rivian Automotive, Inc. gained around 10 percent in the extended trading on Nasdaq on Tuesday after the electric vehicle
GM opened a lab to prevent software bugs in new vehicles. Here's how it works
Automakers have historically handled software in ways that don't mesh with what's needed for today's vehicles, experts say.
Motor Trend on MSN6d
Bad-Ass Trucks of SEMA: The Lifted, Slammed, and Modded
The showstopper for mini trucks at SEMA this year is this high-school-inspired build by Rutledge Wood. The rear end is ...
Business Eye on MSN19h
Northern Ireland Firm Launches New Sustainable Vehicle
Northern Ireland-based TBC Conversions (TBC), a leading vehicle manufacturer specialising in mobility, taxi, minibus and ...
Driver bypasses roadblock, goes down gorge along N.C. interstate
Technical rescue work saved a driver whose vehicle went down a gorge along hurricane-damaged Interstate 40 in Haywood County ...
AutoGuide on MSN2d
General Motors Faces Two Class Action Lawsuits Over Faulty Shifters
Do you own a General Motors vehicle with a faulty shifter?Turns out, you're not alone.GM is facing mounting legal pressure as ...
The Complete Guide To Electric Vehicle Platforms
Call this the “quick and dirty” route to a serviceable EV where a manufacturer retrofits an existing combustion platform. It ...
HII is Awarded $197 Million Contract to Research and Develop Technology Enhancements for U.S. Army Combat Vehicle Fleet
McLEAN, Va., Nov. 06, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was ...
Yahoo Finance23h
Netradyne’s Vehicle Data as a Service (VDaaS) Wins 2024 API Awards
is excited to announce that Vehicle Data as a Service (VDaaS) has won a 2024 API Award in the Best Automotive API category. The 10th annual API Awards celebrate the incredible technical innovation ...
Shephard Media6d
HII awarded contract to support US ground vehicles
HII will support the enhancement of power and mobility of vehicles in service with US forces under a US$197 million contract ...
Tyler Morning Telegraph7d
BBB: Tips for purchasing a new vehicle
Buying a new car is an exciting experience, but it’s also a significant investment that requires careful planning. Today’s ...
SC: LMV licence can be used to drive transport vehicles
The Supreme Court has simplified driving license regulations, stating that a license for light motor vehicles (LMVs) is ...