Reported 11 days ago
Volkswagen Group has increased its investment in Rivian by 16% to $5.8 billion, marking a significant step in their joint venture aimed at developing electric vehicle technology. This investment comes as Rivian prepares to launch its new R2 SUV amid financial challenges. The partnership, which is expected to facilitate technological advancements for both companies, will help Rivian move toward profitability while addressing ongoing issues within Volkswagen's software division.
Source: YAHOO