Tag: Rivian
Cloaked Audis, covert CEO meeting: how VW's $5 billion Rivian bet transpired
By Abhirup Roy and Victoria WalderseeSAN FRANCISCO/BERLIN (Reuters) - A few camouflaged Audis arrived secretly from Germany early this year at a facility...
Rivian founder tells investors why incoming shareholder Volkswagen needs his help to take on Tesla just as much as he needs the cash injection
Volkswagen’s planned $5 billion investment in Rivian is a lifeline for the troubled carmaker—but not necessarily the one you may think.The cash injection plugs a...
Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
Rivian (RIVN) shares are surging in extended hours after the EV maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing fresh...
VW to invest up to $5B in Rivian software deal
Volkswagen Group said Tuesday it will invest $1 billion into EV startup Rivian as part of a broad software development deal that could...
Electric-vehicle maker Rivian simplifies output, cuts costs, aiming for first profit
By Abhirup RoyNORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian's drive to cut costs and turn its first profit has removed over 100 steps from...
Ford’s secretive low-cost EV team is growing with talent from Rivian, Tesla and Apple
There has been a lot of recent chaos in the world of electric vehicles, and Ford has capitalized on it to build out...