Volkswagen AG Unsponsored ADR (VWAGY)
Explainer: What's behind Volkswagen's $5 bln EV software bet on Rivian?
Volkswagen , Europe's biggest carmaker, plans to spend as much as $5 billion on an electric vehicle (EV) software partnership with U.S.-based Rivian.
Rivian's Lifeline Is a $5 Billion Gamble for Volkswagen
Rivian gets the thing it needs most out of its deal with Volkswagen: cash. What Volkswagen VOW3 -2.58%decrease; red down pointing triangle receives in exchange is less clear-cut.
Rivian Stock Rises on Volkswagen's $5 Billion Investment
Rivian Automotive NASDAQ: RIVN is a prominent name in the electric vehicle (EV) market. Rivian's stock price recently witnessed a nearly 60% rise following an announcement from the company.
Rivian investment a ‘catch-up move' for Volkswagen that could take years to pay off, GlobalData's Mewawalla says
Volkswagen's $5 billion investment in electrical vehicle startup Rivian is a “catch-up move” for the German auto maker, according to Cyrus Mewawalla, head of thematic intelligence at GlobalData. However it could take years for the move to pay off, he told CNBC's "Street Signs Europe.
Rivian jumps on Volkswagen's $5 billion 'vote of confidence' investment
Rivian Automotive surged 36% premarket on Wednesday after a $5 billion investment from Volkswagen offered the loss-making startup more firepower to scale production in a slowing electric-vehicle market.
Volkswagen to recall over 271,000 U.S. vehicles citing deactivated airbags
Volkswagen is recalling over 271,000 vehicles in the U.S. due to deactivated front passenger air bags when the seat is occupied, the U.S. National Highway Traffic Safety Administration said on Wednesday.
Volkswagen shares fall after $5 billion Rivian deal
Shares in Volkswagen , Europe's largest carmaker, fell 1.4% in early trade on Wednesday after saying it would invest up to $5 billion as part of a planned joint venture with electric vehicle maker Rivian.
Volkswagen breathes life into Rivian with bumper investment
Volkswagen Group (XETRA:VOW) is set to invest £3.9 billion (US$5 billion) in Rivian Automotive Inc (NASDAQ:RIVN), the American EV maker, in a joint venture which will give the German automobile company access to the start-up's technology. Another £3.15 billion will be invested within the next two years, the carmaker added.
Rivian Stock Soars 50% After EV Maker Secures $5B Investment From Volkswagen
Rivian (RIVN) shares soared 50% in extended trading on Tuesday following news that German automaker Volkswagen (VWAGY) plans to invest $5 billion in the electric vehicle (EV) startup as part of a joint venture to create industry-leading vehicle software technology.
Rivian Stock Soars As Volkswagen Plans $3 Billion Stake
German automaker Volkswagen announced a $5 billion software partnership with the struggling EV maker. Rivian stock soared.
Rivian shares surge after Volkswagen agrees to $5bn investment
New, equally controlled joint venture will share electric vehicle architecture and software, companies said
Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian
VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.
