rivian
The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in US electric car manufacturer Rivian, it said on Monday. The joint venture planned by the two companies and VW's minority stake in Rivian have been given the all-clear, the authority said. "There is no cause for concern here due to the project, nor are there any other serious competition problems to be feared," said the cartel office president, Andreas Mundt, according to the press release. The cooperation announced in June involves software, control computers and network architecture. New VW cars are t...
DPA Breaking News
The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in US electric car manufacturer Rivian, it said on Monday. The joint venture planned by the two companies and VW's minority stake in Rivian have been given the all-clear, the authority said. "There is no cause for concern here due to the project, nor are there any other serious competition problems to be feared," said the cartel office president, Andreas Mundt, according to the press release. The cooperation announced in June involves software, control computers and network architecture. New VW cars are t...
DPA International
The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in US electric car manufacturer Rivian, it said on Monday. The joint venture planned by the two companies and VW's minority stake in Rivian have been given the all-clear, the authority said. "There is no cause for concern here due to the project, nor are there any other serious competition problems to be feared," said the cartel office president, Andreas Mundt, according to the press release. The cooperation announced in June involves software, control computers and network architecture. New VW cars are t...
DPA
Electric vehicle stocks are not doing well in 2024, with most of them being down by double digits. Tesla (TSLA) has dropped by 11% this year while other American and Chinese names like Lucid, Faraday Future, Mullen Automotive, and Nio have also slipped. The industry is facing multiple headwinds. Demand has fallen, with most buyers opting for hybrid vehicles from the likes of Toyota and Ford. Competition has risen, with Chinese companies pumping thousands of new vehicles each day. The big risk is that China will use the same strategy it used to dominate the steel and solar panel industry in the...
Invezz
Electric vehicle maker Rivian Automotive Inc (NASDAQ: RIVN) hosted an open investors’ call last night, at 6pm Eastern Time, at which it discussed the new $5 billion dollar deal that sent the Rivian stock price soaring yesterday. The Rivian stock priceAs a result, Rivian’s share price rose $5.97, or 49.92%, in after-hours trading. At the time of this article going to press, Rivian’s stock was already up 8.63% today in premarket trading, to a current share price of $11.96. Volkswagen to invest $5 billion into RivianOn June 25 yesterday, both Volkswagen Group (ETR: VOW3) and Rivian announced that...
Invezz
German auto giant Volkswagen plans to invest up to $5 billion in the US electric car manufacturer Rivian in the coming years, both companies announced. The partnership is expected to accelerate software development, Volkswagen announced in a statement after the US stock market closed on Tuesday. Following the establishment of the joint venture, Volkswagen will have direct access to Rivian's electric car technology for implementation in its electric vehicles. "Through our cooperation, we will bring the best solutions to our vehicles faster and at lower cost," Volkswagen Group chief executive Ol...
DPA International
German auto giant Volkswagen plans to invest up to $5 billion in the US electric car manufacturer Rivian in the coming years, both companies announced. The partnership is expected to accelerate software development, Volkswagen announced in a statement after the US stock market closed on Tuesday. Following the establishment of the joint venture, Volkswagen will have direct access to Rivian's electric car technology for implementation in its electric vehicles. "Through our cooperation, we will bring the best solutions to our vehicles faster and at lower cost," Volkswagen Group chief executive Ol...
DPA
German auto giant Volkswagen plans to invest up to $5 billion in the US electric car manufacturer Rivian in the coming years, both companies announced. The partnership is expected to accelerate software development, Volkswagen announced in a statement after the US stock market closed on Tuesday. Following the establishment of the joint venture, Volkswagen will have direct access to Rivian's electric car technology for implementation in its electric vehicles. "Through our cooperation, we will bring the best solutions to our vehicles faster and at lower cost," Volkswagen Group chief executive Ol...
DPA Breaking News
German auto giant Volkswagen plans to invest up to $5 billion in the US electric car manufacturer Rivian in the coming years, both companies announced. The partnership is expected to accelerate software development, Volkswagen announced in a statement after the US stock market closed on Tuesday. Following the establishment of the joint venture, Volkswagen will have direct access to Rivian's electric car technology for implementation in its electric vehicles. "Through our cooperation, we will bring the best solutions to our vehicles faster and at lower cost," Volkswagen Group chief executive Ol...
DPA
German auto giant Volkswagen plans to invest up to $5 billion in the US electric car manufacturer Rivian in the coming years, both companies announced. The partnership is expected to accelerate software development, Volkswagen announced in a statement after the US stock market closed on Tuesday. Following the establishment of the joint venture, Volkswagen will have direct access to Rivian's electric car technology for implementation in its electric vehicles. "Through our cooperation, we will bring the best solutions to our vehicles faster and at lower cost," Volkswagen Group chief executive Ol...
DPA International
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