Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant Volkswagen (OTC: VWAGY) will invest billions in the California-based upstart.
Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture. Shares of Rivian ...
Rivian and Volkswagen Group have finalized a multibillion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in ...
Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts' estimates — as the EV startup struggled to resolve a component shortage that ...
Rivian experienced a production and supplier issue in the third quarter. Deliveries have slumped in 2024, which was partly expected. Rivian can still produce positive gross profits, partly thanks ...