Connect with us

Hi, what are you looking for?

Brilliant AchievementBrilliant Achievement

Tech News

VW and Rivian officially kick off $5.8 billion joint venture, announce leadership

Rivian vehicles
Image: Rivian

Volkswagen and Rivian have crossed all their T’s and dotted all their I’s in their new $5.8 billion joint venture, which officially kicks off its work on November 13th, the companies announced today.

Last June, VW said it would invest $5 billion in Rivian as part of a new joint venture that’s focused on developing a new electrical architecture and vehicle software for future models, including subcompact cars, with the first planned for 2027. The investment size has now increased to $5.8 billion.

The new joint venture, dryly named “Rivian and VW Group Technology, LLC,” will be led by Rivian software chief Wassym Bensaid and VW Group chief technology engineer Carsten Helbing. Teams will be based in…

Continue reading…

Join The Exclusive Subscription Today And Get Premium Articles For Free
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Editor's Pick

Thomas A. Berry and Alexander Khoury Since the creation of the market square, there have been boisterous, loquacious individuals who have solicited bids for...

Editor's Pick

We had a sneak preview of emerging leadership on the morning of July 12th. That was the morning the June Core CPI came in...

Tech News

Image: Samar Haddad for The Verge I’d been promised the future of tennis was in the desert. From the stands of the Next Gen...

Editor's Pick

Colleen Hroncich A few years ago, EdChoice released what’s casually known as the Chicken Little report. The official title was a little less catchy...