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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 - 5 days ago -
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 - 4 days ago -
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 - 5 days 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 - November 7 -
Volkswagen is in crisis again. Can it be reformed?
Europe’s largest carmaker is at war with workers and politicians as it tries to navigate a painful EV transitionWorld - Financial Times - October 31 -
Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV
Rivian posted a wider loss and lower sales than Wall Street expected, but says it is making progress with its next-generation EV platform.Business - MarketWatch - November 8 -
Rivian Reassures Investors With Cost Cuts, Green Credit Sales
Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.Business - Inc. - November 8 -
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.Top stories - BBC News - 5 days ago -
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 - 4 days ago -
Foreign Election Interference, and Volkswagen May Close Factories
Plus, why you should never cross a crow.Top stories - The New York Times - October 29 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - October 30 -
Volkswagen Profit Shrinks as Unions Threaten Strike
Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.Business - The New York Times - October 30 -
How Volkswagen Lost Its Way in China
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.Business - The New York Times - October 31 -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - October 30 -
Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live
Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...World - The Guardian - October 21 -
VW fined by UK regulator for treatment of customers in financial trouble
Carmaker’s lending arm hit with £5.4mn penalty and agrees to pay £21.5mn to 110,000 borrowersBusiness - Financial Times - October 21 -
The Volkswagen ID Buzz Is Finally in the US. We Took the Electric Microbus for a Drive
One of the most beloved vehicles of the 20th century returns as an electric family fun machine. The high price and the low range might raise some eyebrows, but this van delivers.Tech - Wired - October 21 -
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Volkswagen's Scout Motors reveals first EVs as it shifts to include plug-in hybrids
Scout, a former American brand from 1961 to 1980, was expected to exclusively offer EVs in a bid for the German automaker to expand its presence in the U.S.Business - CNBC - October 25 -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - October 28 -
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Volkswagen Could Close 3 Plants in Germany to Cut Costs
The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.World - The New York Times - October 28 -
For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany
The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.Top stories - The New York Times - October 28 -
Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.Business - CNBC - October 30 -
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Volkswagen cuts plan sends shock through the ‘Detroit of east Germany’
In the city of Zwickau, which has a proud history in the country’s mighty automobile industry, there are fears about the economic and political fallout . Zwickau gained its nickname as the Detroit ...World - The Guardian - November 3 -
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Rivian lowers earnings guidance after missing Wall Street's third-quarter expectations
Rivian Automotive missed Wall Street's third-quarter expectations, including a massive difference in revenue of $116 million.Business - CNBC - November 7 -
Rivian has Wall Street turning more cautious after mixed financial snapshot
A mixed quarter for the EV maker translated into more caution on Wall Street, which also mulled over the implications of the future Trump administration.Business - MarketWatch - November 8 -
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 - 4 days ago -
Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Worries that EV tax credits may go away under the Trump administration hit a fever pitch on Thursday, dragging down the stocks.Business - MarketWatch - 3 days ago
