Volkswagen to inject even more cash into Rivian
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Volkswagen Group has increased its investment in Rivian Automotive by $800 million, bringing the total to $5.8 billion. This move strengthens the partnership between the two companies.
November 13, 2024 | 9:00 am
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Volkswagen's increased investment in Rivian by $800 million, totaling $5.8 billion, is a significant boost for the US EV maker, potentially enhancing its financial stability and growth prospects.
The additional $800 million investment from Volkswagen is a strong vote of confidence in Rivian, likely improving its financial position and supporting its competitive stance against rivals like Tesla.
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