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That wrestling match between the bulls and bears has Rivian's stock chart looking like a roller coaster, with a steep dive to start 2024 before rebounding mid-summer, followed by another dive and ...
Volkswagen will initially invest $1 billion in the company in the form of a convertible note, which will convert to Rivian shares once it receives regulatory approvals, but not before Dec. 1, 2024.
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.
But as part of the deal, Volkswagen will take a $1 billion equity stake in Rivian, invest an additional $2 billion in Rivian shares in 2025 and 2026, and put $2 billion into the joint venture ...
Back in June, Rivian announced the formation of a joint venture with Volkswagen. Per the agreement, Volkswagen plans to invest up to $5 billion in Rivian. Working with a much larger automobile ...
Rivian said it has closed a major deal with Volkswagen that could be worth $5.8 billion by 2028.
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