🟢 Volkswagen Bets $5.8B on Rivian as Software Partner
Volkswagen finalized a $5.8 billion joint venture with Rivian to co-develop automotive software, led by engineers from both companies. The move aims to strengthen VW's software strategy amid struggles at its Cariad unit, while Rivian faces challenges with demand and supply chain issues.
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Volkswagen finalized a $5.8 billion joint venture with Rivian to co-develop automotive software, led by engineers from both companies. The move aims to strengthen VW's software strategy amid struggles at its Cariad unit, while Rivian faces challenges with demand and supply chain issues.
💬 Source
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