Volkswagen Gets Much-Need Tech, Rivian A Cash Infusion With New JV

Quick Summary:

Volkswagen, Rivian Partnership Offers Synergies

For Volkswagen, the partnership offers immediate access to Rivian’s advanced software and zonal electrical hardware. 

This expertise would help the German firm adjust to external pressures, including growing Chinese competition and weaker demand that prompted its rival, Ford, to cut 4,000 jobs in Germany and the UK.

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Article Details

Author / Journalist: European Capital Insights

Category: Technology

Markets: United StatesChinaGermany

Topics: RIVN VLKAF Expert Ideas Tech Contributors Markets EVs Benzinga General Eurozone

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 17:15:36 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1174 words

Reading Time: 7 minutes read

Sentences: 60 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23839882

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 19 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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