Posted inAutomobiles Blume, Oliver (1968- ) China Computers and the Internet Electric and Hybrid Vehicles Europe Factories and Manufacturing Germany Mergers, Acquisitions and Divestitures Prices (Fares, Fees and Rates) Production Rivian Automotive LLC Software Sports Utility Vehicles and Light Trucks Stocks and Bonds United States Volkswagen AG
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.