VW launches $5.8bn partnership with Tesla rival Rivian
Source: BBC
Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership.The two companies say the the deal is now worth $5.8bn (£4.55bn) - up from an initial pledge of $5bn by VW.Shares in the US electric vehicle (EV) maker jumped more than 9% in after-hours trading following the announcement.The tie-up will see the firms sharing critical…
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