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Rivian, VW
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 look at the new partnership.
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 ...
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.
1d
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 ...
13d
on MSN
Safety concerns mount at Rivian’s Illinois plant amid OSHA violations
Rivian's Normal, Illinois plant has been cited for 16 initial OSHA violations in less than two years, sparking concerns over ...
2d
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 ...
2d
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 ...
7d
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 ...
7d
Rivian opens second Chicago-area showroom at north suburban Old Orchard shopping center
Chicago, which is 130 miles north of the sole
Rivian factory
in downstate Normal, now has two retail locations — tied with ...
7d
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
1d
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 ...
12h
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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