Volkswagen boosts bet on Rivian’s EV tech by $800 million - Aletihad News Center

Sunday 22 Feb 2026 Abu Dhabi UAE

Podcast Infograph Caricature Programs E-Books

Business News Markets Stocks Currencies Commodities

Today's Edition

Business

Volkswagen boosts bet on Rivian’s EV tech by $800 million

VW Tiguan (top) and an ID.7 electric car inside the car storage tower at the Wolfsburg Volkswagen Plant, the worldwide headquarters of the Volkswagen Group, in Wolfsburg, Germany (AFP)

Rivian’s stock surged 24% on Wednesday to $13.10 as of 9:45 a.m. in New York. Volkswagen shares fell 3.3% as of 3:45 pm in Frankfurt. (AFP)

Battling a deep crisis, Volkswagen is eyeing an unprecedented cost-cutting drive and has warned it could close factories in Germany for the first time in its history. (AFP)

Volkswagen AG raised investment plans in Rivian Automotive Inc. by $800 million, signaling its commitment to the US partner even as electric-vehicle demand softens and the incoming Trump administration threatens to curtail supportive policies. (AFP)

Source: AFP

Business

Fog alert issued as visibility set to drop across coastal, internal areas

22 Feb 2026

Latifa bint Mohammed crowns winners of 26th WTA Dubai Duty Free Tennis Championships

Today 23:18

UAE Cybersecurity Council announces systematic terrorist cyberattacks targeting vital sectors thwarted

Today 21:58

Trump hikes US global tariff rate to 15%

Today 20:55

Copyrights reserved to Aletihad News Center © 2026