Volkswagen deepens Rivian bet as lagging EV demand threatens $1.75 billion hit

Volkswagen deepens Rivian bet as lagging EV demand threatens $1.75 billion hit

Volkswagen is deepening its investment in EV startup Rivian even as the automaker may be heading toward a costly problem of its own. According to CleanTechnica, Volkswagen has increased its stake in Rivian to 15.9%, despite facing the prospect of European fines if its electric vehicle sales do not improve quickly enough. Volkswagen's initial June 2024 investment in Rivian was $1 billion, giving it an 8.6% ownership stake in the company.  It late…

Volkswagen Just Bought 62.9M Shares And Amazon Should Be Worried

Volkswagen just pushed its Rivian stake to 15.9%, and that makes it a bigger shareholder than Amazon. I see this less as a quiet investment and more as a high-stakes rescue mission for VW’s electric future. The surprising part is the timing. Volkswagen is under pressure, profits are sliding, and yet it just bought 62.9 million more Rivian shares at $15.90 each. Why Volkswagen showing up here changes everything The new SEC filing shows Volkswagen…

Rivian in Talks With Volkswagen Group to Widen Tech Partnership, JV Co-CEO Says

Rivian is in talks with Volkswagen Group to bring more of its technology into the vehicles of the German group, including AI capabilities that include the newly launched in-car assistant. Speaking on the latest episode of The Verge‘s Decoder podcast, Rivian‘s Chief Software Officer Wassym Bensaid detailed the boundaries of the Rivian and Volkswagen Group Technologies (‘RV Tech’) joint venture, its workforce, and the technologies that sit inside …