Volkswagen and Rivian Form Joint Venture, Deepening Alliance

By The New York Times | Nov 12, 2024 at 04:14 PM EST

Volkswagen and Rivian are partnering in a joint venture to develop software and electronics for electric vehicles. Volkswagen will invest $5.8 billion for a 50 percent stake, aiming to improve its position in the competitive U.S. electric car market.

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