VW Group invest $1 billion into EV startup Rivian as part of a software development deal that could expand to as much as $5 billion.
Shares of Rivian Automotive Inc. RIVN, +8.63% jumped 33.2% after hours on Tuesday after Volkswagen VWAGY, +0.49% said it planned to invest an initial $1 billion in the electric-vehicle maker and said
IRVINE, Calif. & WOLFSBURG, Germany--(BUSINESS WIRE)--Rivian Automotive (NASDAQ: RIVN) and Volkswagen Group (XETRA: VOW / VOW3) have today announced their intention to form an equally controlled and o
The German automaker and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.
Volkswagen is taking a $1 billion stake in electric vehicle startup Rivian, which has been seeking to cut costs and shore up cash amid slower-than-expected adoption of EVs. In this article RIVN
Volkswagen VOW3 0.33%increase; green up pointing triangle Group is investing $1 billion in electric-pickup maker Rivian Automotive RIVN 8.63%increase; green up pointing triangle, with plans to spend u
German automaker Volkswagen Group will invest up to $5 billion in U.S. electric-vehicle maker Rivian as part of a new, equally controlled joint venture to share EV architecture and software, the compa
Volkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns. The entry-level version of the Jetta with an automatic transmission will star
A group representing major automakers asked the National Highway Traffic Safety Administration to reconsider its new rule requiring nearly all new cars and trucks by 2029 to have advanced automatic em
German top industrial union IG Metall will demand a 7% pay rise over a 12-month period from Volkswagen at wage negotiations in October, the union said in a statement on Friday.
Brazilian miner CBMM has started to test on Volkswagen electric trucks a niobium-based battery that it claims can be charged way faster than the others in the market, the companies said on Wednesday.

Porsche invests in Canadian AI firm Waabi

05:47am, Tuesday, 18'th Jun 2024
Porsche SE has taken a stake in Canadian AI company Waabi Innovation Inc as part of a financing round that raised a total of $200 million, the German company said on Tuesday.
The European Commission will apply additional duties of up to 38.1% on imported China-made electric cars from July, a move that Beijing is likely to retaliate against.
The partnership will dramatically increase the number of available charging stations in the Porsche Charging Service The partnership will dramatically increase the number of available charging station
The partnership will dramatically increase the number of available charging stations in the Porsche Charging Service The partnership will dramatically increase the number of available charging station
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