Volkswagen has overtaken Amazon to become the largest shareholder in electric vehicle maker Rivian, increasing its stake from 8.6% to 15.9% in under two years. This growth is linked to a joint venture formed in November 2024 focused on developing electrical architecture and software for EVs. Volkswagen has committed $5.8 billion to Rivian, with investments released as milestones are met, including recent funding after successful winter testing of the VW ID.EVERY1. Rivian is ramping up production of its R2 SUV, and the partnership could lead to future technology licensing deals, although it excludes AI and autonomy, areas where Rivian continues heavy R&D investment.
Rivian, the electric vehicle maker, received an upgrade from Piper Sandler to an 'Overweight' rating with a 12-month price target raised from $18 to $20, reflecting a 26.26% potential gain by mid-2027. This optimism is driven by stronger demand for E...
The U.S. Department of Justice charged two Volkswagen engineers, Michael Stamp and Marcus Plank, with securities fraud for allegedly using confidential information about Volkswagen's joint venture with Rivian to make over $300,000 in illegal profits....
Rivian has filed a lawsuit against the U.S. government seeking a full refund of tariffs it paid under President Trump's 'Liberation Day' taxes, which the Supreme Court later ruled unconstitutional. The automaker aims to secure tens of millions of dol...
The US National Highway Traffic Safety Administration (NHTSA) will start creating new safety rules for automakers to ensure drivers and passengers can safely exit vehicles. This move follows incidents, including fatal ones, where people were trapped ...
