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Volkswagen-Rivian deal: VW invest $5B in American EV maker

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Volkswagen and Rivian have formed a new partnership that hopes to boost not only VW’s EV lineup but also enhances their global manufacturing footprint, leveraging Rivian’s manufacturing expertise in the United States.

Volkswagen’s strategic move into the electric vehicle market has taken a bold step forward with a $5 billion investment in Rivian, the American electric truck startup.

This landmark deal marks VW’s commitment to accelerating its EV portfolio and securing a significant stake in Rivian’s technology and production capabilities.

Mike Costello from Cox Automotive joins to discuss. #featured #trending

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