Volkswagen

Volkswagen’s recent $5 billion joint venture with Rivian has caused unrest within its software division, Cariad. The partnership, announced in June, came after delays and budget overruns at Cariad pushed back the release of key VW, Audi, and Porsche models by nearly two years. Peter Bosch, tasked with turning around Cariad, and his team were excluded from the negotiations, further intensifying concerns within the division. Cariad employees, unaware of the deal until it became public, now face uncertainty about their…

The German antitrust body has approved the joint venture between Volkswagen Group and Rivian, marking a significant milestone for the collaboration to advance electric vehicle technology and software. This strategic partnership involves Volkswagen investing up to $5 billion in Rivian, with an initial investment of $1 billion followed by subsequent investments over the next few years. The joint venture will focus on developing next-generation electrical and electronic architecture and software-defined vehicles. Volkswagen plans to leverage Rivian’s existing technology to accelerate…

In a bold move poised to reshape the electric vehicle (EV) landscape, Rivian and Volkswagen Group have unveiled a groundbreaking joint venture. This collaboration aims to revolutionize the EV market by leveraging Rivian’s cutting-edge software and zonal electronics platform alongside Volkswagen’s expansive global reach and operational expertise. Rivian is set to receive a substantial $5 billion in capital through this partnership. This funding will be instrumental in supporting the production of Rivian’s upcoming R2 vehicle, as well as other next-generation…