VW and Rivian Announce $5.8 Billion Joint Venture
According to Rivian CEO RJ Scaringe, the new capital will help carry the company through R2 production at its existing plant in Normal, Illinois, as well as allow work to continue on the midsized EV platform at a factory in Georgia: “This partnership and ...
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian’s software and electrical architecture arriving as early as 2027.
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.
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 electrical architecture and vehicle software for future models, including subcompact cars, with the first planned for 2027. The investment size has now increased to $5.8 billion.
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.
How Rivian's CEO Stays Physically Fit and Mentally Sharp
As the leader of the first manufacturer of off-road EVs, RJ Scaringe blazes up and down trails to rev his cardio and clear ...
Electrek2d
Rivian CEO issues urgent memo to confront existential threat of climate change
It’s time to open a new chapter in the history books. Rivian CEO RJ Scaringe said now is the time to act on climate change to ...
AOL7d
Rivian is bracing for tariffs and making changes to its R2 sedan supply chain, CEO says
Donald Trump's tariff proposals and pushback on EVs could have a significant impact on automakers. Rivian CEO RJ Scaringe ...
Forbes8mon
How RJ Scaringe Is Driving Rivian Straight At Elon Musk
With sales of costlier electric cars cooling, Rivian CEO RJ Scaringe is going to woo consumers with a smaller SUV with a smaller $45,000 price tag. A storm is brewing on a chilly, gray winter day ...
The Business Journals2d
Rivian-Volkswagen partnership to produce EV tech for R2 model
Rivian CEO RJ Scaringe said the company is still committed to Georgia and its second plant during a Nov. 12 media call to ...
EV maker Rivian falls short of revenue projections for third quarter
The Irvine maker of electric pickup trucks and sport utility vehicles reported lower-than-expected revenue in the third ...
Detroit Free Press7d
Rivian reports first drop in quarterly revenue since IPO, shows loss of $1.1 billion
"We weren't able to build all the products and the mix of products that we planned, and so that affected us on the demand side and on the revenue side," CEO RJ Scaringe told Reuters in an ...