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.
Rivian Stock Soars on Upsized Volkswagen Joint Venture
Rivian Automotive shares soared Wednesday, a day after the electric vehicle manufacturer expanded its partnership with Volkswagen in a move aimed at helping both firms find ways to grab more of the market for EVs.
Volkswagen increases Rivian investment as $5.8 billion EV joint venture officially launches
Volkswagen has increased its planned investment in the electric automaker Rivian through a joint venture that officially launches Wednesday. The first Volkswagen models made with Rivian’s technology are expected to launch in 2027.
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.
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 ...
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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 ...
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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 ...
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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 ...
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 ...