VW throws US electric pickup maker Rivian $5 billion lifeline (Update)
July 30, 2024
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 $39,000 per car it produced, it’s a lifeline. For VW, […]