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.
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
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Automobiles, 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
