June 27, 2024 BY Elizabeth Anderson

Volkswagen’s $5bn Investment Gives Rivian Stock A Leg Up

Analysts reportedly regard this financing as an attempt to catch up with industry developments and predicted that it may be years before Volkswagen reaps the benefits. According to CNBC, the head of thematic intelligence at GlobalData, Cyrus Mewawalla, said: Volkswagen has fallen behind in two areas, on electric vehicles themselves, but also on autonomous driving…

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