Volkswagen Rescues EV Failure Rivian with $5 Billion Investment
Volkswagen and Rivian announced a joint venture that will bring Rivian’s EV software expertise to Volkswagen’s product lineup. The $5 billion deal is a lifeline for Rivian, which has faced major financial difficulties this year. Electrek Reports The VW-Rivian partnership marks a major step in the industry’s transition to EVs: VW has committed an initial […]
Stocks making the biggest moves midday: Rivian Automotive, FedEx, Whirlpool and more – CNBC
A look at companies making waves in midday trading: Rivian Automotive — Shares soared more than 20% after the electric vehicle startup announced it had secured a $5 billion investment from Volkswagen Group. Volkswagen’s initial investment is $1 billion in the form of convertible notes, with an additional $4 billion planned through 2026. Fellow EV […]
Volkswagen to invest $5B in Rivian, form joint venture
Rep. Mariannette Miller-Meeks, Republican of Iowa, talks to “The Evening Edit” about lawmakers’ concerns about China profiting from EVs. German automaker Volkswagen will invest up to $5 billion in electric vehicle startup Rivian, the companies announced Tuesday. The two companies said they aim to develop “next-generation electric architectures and best-in-class software technologies” for EVs through […]
Rivian soars as Volkswagen plows $5B into EV maker: ‘Game changer’
Shares in Tesla rival electric car maker Rivian surged 28% on Wednesday after Volkswagen said it would invest up to $5 billion in the company to fuel its growth. VW said it would initially invest $1 billion in the joint venture to develop a “next-generation software-defined vehicle platform” for both companies’ electric vehicles, with Rivian […]
Incarcerated illegal aliens kill K-9 Rivian, VADOC says
According to reports, a 5-year-old kindergartener died from injuries sustained on the job. Virginia Department of Correctionsreported that correctional officer Karmisia Phillip Fields and her dog responded when an inmate chained to MS-13 assaulted another inmate. VADOC said the Belgian Malinois named Rivian died after being “repeatedly stabbed and kicked.” “On Tuesday, April 2, three […]
Rivian Gets Price Target Hike. But Can The EV Startup 'Go-It-Alone'? – Investor's Business Daily
Rivian Automotive (Riven) was handed a price hike late Friday after its stock price soared nearly 13% last week on positive sentiment surrounding the EV startup’s R2 and R3 vehicle launch events. But with EV demand sluggish, there are questions about whether the company will be able to bring new product lines to market without […]
Rivian says it has two new EV SUV lines coming, including one previously unannounced
Copenhagen Consensus Chairman Björn Lomborg talks about promoting electric vehicles and its huge impact on the US Rivian’s electric vehicle lineup continues to expand to include product lines you might not have expected. Two midsize SUV product lines, the R2 and R3, will be part of the EV maker’s consumer offering alongside the existing R1T […]
Rivian stock rises after praise from Wall Street firms – Yahoo Finance
Rivian (RIVN) stock is rising after the company announced plans to halt construction of a new factory in Georgia, a move Trust calls a “wise decision.” The company also announced three new EV models on Thursday, most notably the introduction of a lower-priced model, the R2, priced at $45,000. Yahoo Finance Anchor brad smith and […]
Tesla rival Rivian halts Georgia plant, launches cheaper SUV
Rivian Automotive announced Thursday that it is canceling plans for a $5 billion factory that has yet to be built in Georgia. On the same day, the company launched a budget electric car designed to rival Elon Musk’s Tesla. Production of the next R2 model, an electric midsize SUV that can spin to 60 mph […]
Weak EV Earnings Reports Send Rivian and Lucid Shares Tumbling
Electric vehicle manufacturers Rivian and Lucid’s fourth-quarter earnings reports revealed stagnant production numbers, disappointing results and sending their stock prices plummeting. CNBC report Shares of electric vehicle makers Rivian and Lucid fell sharply on Thursday following disappointing fourth-quarter results released after the market closed on Wednesday, the companies said. Rivian stock fell about 25% and […]