Search results
Results From The WOW.Com Content Network
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant Volkswagen (OTC: VWAGY) will invest billions in the California-based upstart.
Share prices of Rivian (NASDAQ: RIVN) surged higher after the maker of electric vehicles (EV) received a sizeable investment from German automaker Volkswagen (OTC: VWAGY). Despite the recent price ...
Rivian said it has closed a major deal with Volkswagen that could be worth $5.8 billion by 2028.
That's obviously even better news for Rivian and a reaffirmation that Volkswagen is committing deeply to using the company's EV technology. Thus, the sharp surge in Rivian's stock was warranted ...
In exchange, Volkswagen will invest an initial $1 billion in Rivian through an “unsecured convertible note that will convert into Rivian’s common stock,” with up to $4 billion in additional ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rivian Automotive wasn’t one of them. The 10 stocks that made ...
Rivian stock closed Tuesday at $11.96 a share, down roughly 49% in 2024. The initial $1 billion from Volkswagen will be in the form of a convertible note, which could be converted to Rivian shares ...
The investment boost comes at a crucial time for Rivian, which aims to cut costs, achieve profitability, and launch its smaller, more affordable R2 SUV to attract budget-conscious consumers. The ...