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

Monday 20 Jan 2025 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)

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)

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)

Source: AFP

Business

Saif bin Zayed meets French Minister of Justice

Today 20:43

Sixth Emirati aid ship departs for Gaza, carrying 5,800 tonnes of humanitarian assistance under 'Operation Chivalrous Knight 3'

Today 20:29

Trump will declare 'national energy emergency,' incoming White House official says

Today 20:01

Trump arrives for inauguration vowing sweeping change

Today 19:56

Copyrights reserved to Aletihad News Center © 2025