VW launches $5.8bn tie up with Tesla rival Rivian

VW launches $5.8bn tie-up with Tesla rival Rivian

The firms will share EV technology as they face slowing demand and competition from Chinese rivals.

Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027

The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.

Business - CNBC - Yesterday

Inside VW and Rivian's $5.8 Billion Bet to Rescue Each Other

The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.

Business - The Wall Street Journal - Yesterday

VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit

VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't always result in long-term successes.

Business - CNBC - 19 hours ago

Chanel dips oar into sport with Oxford-Cambridge boat race tie-up

Rowing contest to be renamed after fashion house’s designer watch in latest luxury move into sponsorship

Business - Financial Times - October 21

Google's cloud outpaces rivals in third quarter as AI battle heats up

One takeaway from tech earnings reports this week is that Google's cloud business is gaining momentum.

Business - CNBC - November 2

The Rivals effect: equestrian dressing gallops up the style charts

Retailers report strong sales of jodhpurs, riding boots and paddock-ready blazers – but is it ‘class passing’?. It’s a sport traditionally associated with mud and manure, but now the equestrian ...

World - The Guardian - 6 days ago

Amazon steps up effort to build AI chips that can rival Nvidia

Big Tech group’s Annapurna Labs is spending big to build custom chips that lessen its reliance on market leader

Business - Financial Times - 2 days ago

AI video startup Genmo launches Mochi 1, an open source rival to Runway, Kling, and others

Available under the permissive Apache 2.0 license, Mochi 1 offers users free access to cutting-edge video generation capabilities...

Tech - VentureBeat - October 22

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - October 24

Trump’s shake-up of EV rules would be ‘huge positive’ for Tesla

Ending consumer subsidies for battery-run cars will lead to wider losses at the electric-car maker’s US rivals

Business - Financial Times - 5 hours ago

'Blade Runner 2049' producer sues Elon Musk, Warner Bros. Discovery over Tesla Cybercab launch

'Blade Runner 2049' production company Alcon Entertainment sued Tesla, Elon Musk and Warner Bros. Discovery for copyright infringement. Here's why.

Entertainment - Los Angeles Times - October 21

Follow live: Rodgers, Jets look to snap five-game losing streak, host Texans

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Sports - ESPN - October 31

Boeing’s record $21bn fundraising boosts hopes of avoiding downgrade

Aircraft maker is racing to ease pressure on its balance sheet exacerbated by a labour strike

Business - Financial Times - October 29

Nicholas Carlson, Former Business Insider Editor, Launches Media Start-Up

Nicholas Carlson, the former top editor of Business Insider, is starting a new company that will focus on video. Just don’t call it a “pivot to video.”

Business - The New York Times - 2 days ago

2024 World Wide Technology Championship scores: Three-way tie for lead after Round 3 sets up huge Sunday

Justin Lower, Nico Echavarria and Carson Young are one stroke ahead of the pack after Moving Day

Sports - CBS Sports - 4 days ago

Tesla should sell its stock after the big post-election run up, analyst says

Tesla should take advantage of its stock’s post-election surge to raise capital by selling shares, a Jefferies analyst says.

Business - MarketWatch - 2 hours ago

Rivian Maintains Profitability Target Despite Part Shortage

The carmaker said a part shortage in the third quarter hampered factory production, but it is still on track to report its first gross profit by year-end.

Business - The Wall Street Journal - 6 days ago

Volkswagen and Rivian Form Joint Venture, Deepening Alliance

The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles.

Business - The New York Times - Yesterday

Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion

Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.

Business - MarketWatch - 23 hours ago