VW throws US electric pickup maker Rivian $5 billion lifeline (Update)

Joris Van Roy

July 30, 2024

Volkswagen Group CEO Oliver Blume and Rivian founder and CEO Robert RJ Scaringe found eachother in a joint venture that should secure the EV future of both companies /Rivian

Europe's biggest carmaker, Volkswagen, is investing one billion dollars in American electric van and pickup specialist Rivian and promising another $4 billion in the coming years. The German Federal Cartel Office has also given the deal the green light. For loss-making Rivian, losing up to $39,00
This content has been archived. Log in or Subscribe to a level that has access to archived content.

Comments

Ready to join the conversation?

You must be an active subscriber to leave a comment.

Subscribe Today

You Might Also Like