VW and Rivian officially kick off $5.8 billion joint venture, announce leadership
Last June, VW said it would invest $5 billion in Rivian as part of a new joint venture that’s focused on developing a new electrical architecture and vehicle software for future models, including subcompact cars, with the first planned for 2027. The investment size has now increased to $5.8 billion.
The Rivian-Volkswagen joint venture deal is now up to $5.8B
Rivian and Volkswagen Group have finalized a multibillion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June.
Rivian Stock Soars on Upsized Volkswagen Joint Venture
Key Takeaways Rivian Automotive shares soared Wednesday, a day after the electric vehicle manufacturer expanded its partnership with Volkswagen in a move aimed at helping both firms find ways to grab more of the market for EVs.
VW and Rivian Announce $5.8 Billion Joint Venture
Volkswagen and Rivian have officially announced a joint venture, “Rivian and VW Group Technology, LLC,” that will kick off on November 13th. The collaboration, which will be led by Rivian software chief Wassym Bensaid and VW Group chief technology engineer Carsten Helbing,
Beleaguered Rivian, VW Ink Joint Venture
What do a California EV startup and a multinational automotive corporation have in common? If you answered “problems,” you get a gold star. As of yesterday, Rivian and VW Group have formally signed a joint venture,
VW resurrects the Scout name with this new truck and SUV—and here’s the big surprise
Remember the commercial truck maker called International Harvester that made rugged SUVs and trucks with the Scout name back ...
The Drive22d
VW Is Bringing Back Scout as an Electric Truck. Here’s Why It’s a Big Deal
That’s a new one. The VW group could use more compelling electric ... I think it’s worth noting, though, that electric trucks aren’t as hot now as they were when VW announced Scout’s ...
Rivian And VW Are Going At It Together
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The Buzz at Seattle Auto Show: Test driving VW’s new van, plus more cool EVs not made by Tesla
As I pulled away from the Seattle International Auto Show on Thursday during a test drive of the highly anticipated ...
12 Of The Best Looking Trucks VW Ever Designed
In the U.S. Volkswagen isn't as well known for their trucks as they are for smaller passenger vehicles, but it has had some ...
'Dude, where's my truck?' Scout returns as an electric off-roader
Jeep Wranglers, Ford Broncos and Toyota Land Cruisers remain the top off-roaders, but there’s a new player in town with a ...
Observer8d
The Iconic Scout SUV Is Making an Electric Comeback Under Volkswagen
The Scout recently re-entered the public eye after a YouTube video of Tim Walz working on his 1979 Scout went viral.
Scout Motors’ new pickup and SUV EVs will start at “under $60,000”
Scout Motors, now owned by VW, showed off a new SUV and pickup, with battery electric and range-extended powertrain options.
TechCrunch on MSN16d
Scout Motors EVs will use Rivian-VW software and architecture
VW's new offshoot EV company Scout Motors, which revealed its first two vehicles last week, will use the software and zonal ...
The Cool Down on MSN1d
Volkswagen revives iconic minibus with all-new electric features and impressive range: 'It's ... nostalgic like the original'
One might call it a far-out step toward sustainability. Volkswagen revives iconic minibus with all-new electric features and ...