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Volkswagen Buys More Rivian (RIVN), At Risk Of $1.75 Billion In Fines
We’ve got some positive news from Volkswagen and Rivian this month, but we’ve also got a matter of concern for Volkswagen that could be quite costly.
Summary
We’ve got some positive news from Volkswagen and Rivian this month, but we’ve also got a matter of concern for Volkswagen that could be quite costly. One of Volkswagen’s big EV plays in the past several years has been partnering with Rivian , including investing in the company . The German automaker decided it needed help on the software side of vehicles in this era, and Rivian needed cash, so they became great partners.
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