Tag: Volkswagen

Volkswagen Invests $5 Billion in EV Startup Rivian to Form Joint Venture

(Bloomberg) — Volkswagen AG is taking another swing in its long struggle to catch up with Tesla Inc., plowing $5 billion into a tie-up with the US company’s closest would-be rival, Rivian Automotive Inc. VW and Rivian are set to jointly develop battery-powered vehicles and software, a partnership that will give the German carmaker access […]

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