Latest in Vw's 5.8 Billion
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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 -
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 - 2 days ago -
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 - 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 - Yesterday -
Vulnerable customers had VW cars taken away
VW Finance showed "a lack of empathy", according to the Financial Conduct Authority.Top stories - BBC News - October 21 -
Senior VW executive deported from China
Expulsion of chief marketing officer is latest blow to German carmaker in world’s largest auto marketBusiness - Financial Times - October 22 -
Pressure mounts on VW to finally confront the reality of restructuring
The carmaker must overcome internal resistance to changes necessary to boost competitivenessBusiness - Financial Times - October 23 -
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 -
China has deported a VW executive for allegedly using drugs while in Thailand
A senior executive for Volkswagen in China has been deported for allegedly using cocaine and marijuana while on vacation in ThailandWorld - ABC News - October 23 -
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The VW labour boss at war with management over plant closures
Daniela Cavallo views clash as existential fight for carmaking in Europe’s biggest economyBusiness - Financial Times - 6 days ago -
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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 - Yesterday -
Market is not liking Spark New Zealand's (NZSE:SPK) earnings decline as stock retreats 5.8% this week
Investors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can...Sports - Yahoo Sports - October 16 -
MicroStrategy buys $2 billion in bitcoin in 10 days. Is there $42 billion to go?
Shares of MicroStrategy Inc. entered record territory Monday for the first time in 24 years, as the self-proclaimed largest corporate holder of bitcoin continued to ride the postelection frenzy in ...Business - MarketWatch - 3 days ago -
Debt rule to change to fund major projects
Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.Top stories - BBC News - October 18 -
Billions of levelling-up cash in limbo
Towns and cities call on the Labour government to deliver the funds promised for vital regeneration.Top stories - BBC News - October 27 -
Mass deportation could cost billions
Bankrolling mass deportation would be costly. It would also require a lot more manpower.Top stories - CBS News - October 27 -
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Damage Estimates for Helene and Milton Pass $100 Billion
Each hurricane is likely to be a $50 billion disaster, joining the ranks of the most costly U.S. storms.Business - Inc. - October 17 -
Biden Cancels Another $4.5 Billion in Student Debt
The executive decision will help 60,000 borrowers, bringing the total number of public service workers getting loan forgiveness to more than 1 million.Business - Inc. - October 17 -
The hidden billions Argentines hold in undeclared savings
Decades of distrust of the country’s currency has resulted in a ‘dollars under the mattress’ cultureWorld - Financial Times - October 23 -
Why Meta and Snap are spending billions on AR glasses
Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.Business - CNBC - October 24 -
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Waymo Raises $5.6 Billion From Outside Investors
Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.Business - The New York Times - October 28
