The amount Volkswagen said it planned to invest in the electric vehicle maker Rivian.
Category: Scaringe, R J
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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.
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Tesla’s Profit Rose in the Second Quarter After Big Price Cuts
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
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Rivian Lost $6.8 Billion Last Year as Production Fell Short
The New York Times – Business:The maker of electric trucks said it expected to double production in 2023 as the supply of parts became more reliable.