skomarla
Member
its probably behind a pay wall, but https://www.nytimes.com/2024/06/25/...ian-vw-investment.html?searchResultPosition=1
"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."
"Volkswagen said it would initially invest $1 billion in a new joint venture, and over time increase that to as much as $5 billion. The infusion represents a big vote of confidence in Rivian, which loses tens of thousands of dollars on each vehicle it sells."
"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."
"Volkswagen said it would initially invest $1 billion in a new joint venture, and over time increase that to as much as $5 billion. The infusion represents a big vote of confidence in Rivian, which loses tens of thousands of dollars on each vehicle it sells."