Cloaked Audis, covert CEO meeting: how VW"s $5 billion Rivian bet transpired
Cloaked Audis, covert CEO meeting: how VW"s $5 billion Rivian bet transpired.....»»
Biden’s New $1.8-Billion Transportation Package Stars Climate Projects
Climate-related highway fixes and electric and hydrogen fuel-cell buses are among the projects getting federal help in a new round of funding.....»»
Volkswagen"s $5 Billion Investment In Rivian Has Some Experts Concerned About Scout"s Planned Revival
Volkswagen"s $5 Billion Investment In Rivian Has Some Experts Concerned About Scout"s Planned Revival.....»»
Justice Department charges nearly 200 people in $2.7 billion health care fraud schemes crackdown
Justice Department charges nearly 200 people in $2.7 billion health care fraud schemes crackdown.....»»
Polestar reports growing red ink for 2023 as EV demand slows
The electric-vehicle maker had repeatedly delayed reporting results because of accounting issues. Net losses widened to $1.17 billion from $481.5 million in 2022......»»
Outage from CDK cyberattacks could cost dealers $1 billion, study says
Anderson Economic Group said affected dealers could be out about $600 million after two weeks and could lose roughly $1 billion if the dealer management system shutdown lasts until the July 4 holiday weekend. Its calculations include estimated losses.....»»
NASA will pay SpaceX nearly $1 billion to deorbit the International Space Station
The space agency did consider alternatives to splashing the station. Enlarge / Illustration of the SpaceX Dragon XL as it is deployed from the Falcon Heavy's second stage in high Earth orbit on its way to the Gateway in lunar orb.....»»
New Rivian R1S: Everything new in the second-gen model
Rivian is bringing a huge update to the Rivian R1S, its premium electric SUV. Here's everything that's new in the second-generation model......»»
Cloaked Audis, covert CEO meeting: How VW"s $5B Rivian bet unfolded
The deal is crucial for both companies as Rivian gets a financial lifeline to survive a sharp slowdown in EV demand and VW receives low-cost, high-performance EV technology that traditional automakers have struggled to master......»»
Rivian reaffirms flat 2024 production of 57,000 vehicles during investor event
Rivian's stock price was falling in midday trading after the automaker projected second-quarter deliveries in the 13,000-13,300 range and mostly flat production for the year......»»
Cloaked Audis, covert CEO meeting: how VW"s $5 billion Rivian bet transpired
Cloaked Audis, covert CEO meeting: how VW"s $5 billion Rivian bet transpired.....»»
Why the harsh Snowball Earth kick-started our earliest multicellular ancestors
For a billion years, single-celled eukaryotes ruled the planet. Then around 700 million years ago during Snowball Earth—a geologic era when glaciers may have stretched as far as the Equator—a new creature burst into existence: the multicellular o.....»»
Rivian still faces cash burn, cooling sales despite $1 billion infusion from Volkswagen, analysts say
Volkswagen will infuse $1 billion into Rivian as the EV maker develops new models. But analysts point out a growing cash burn for Rivian......»»
Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture.....»»
Nvidia Stock Is Still Falling as Shareholder Meeting Concludes
Nvidia Stock Is Still Falling as Shareholder Meeting Concludes.....»»
Rivian’s VW deal could make it the Apple or Google of EV software
The spotlight has been on Rivian’s long-term health for a bit now. With the company under financial pressure to get over the hump of moving … The post Rivian’s VW deal could make it the Apple or Google of EV software appeared first.....»»
Taiwan press talks up iffy rumor about a new local Apple datacenter
Taiwan press venues are circulating rumors of a new Apple datacenter coming that don't appear to be based on anything, making claims of a $14 billion benefit to the country's economy questionable, at best.Inside Apple's store in Taipei, TaiwanApple d.....»»
Why Volkswagen is pledging $5 billion to Rivian in EV software deal
Shifting from combustion engines to electric vehicles requires expertise in areas where historically Volkswagen has little experience, from charging to batteries to software......»»
VW, Rivian software joint venture clouds Scout revival
Volkswagen AG’s tie-up with Rivian Automotive Inc. leaves in limbo the future of the German carmaker’s plan to revive the Scout brand that’s aimed at the same buyers as the developer of electric SUVs. .....»»
VW puts $5B into cash-hungry Rivian, and Rivian will help fix up VW’s software
Rivian gets a third major partner, and new cars arrive later this decade. Enlarge (credit: Rivian) Volkswagen is committing $5 billion to upstart EV company Rivian, with $1 billion in cash upfront and $4 billion over tim.....»»
VW Group, Rivian forming joint venture for EV software; VW commits $5 billion
VW Group will invest $1 billion in Rivian initially and another $4 billion by 2026 under deal designed to help VW accelerate roll out of software-defined vehicles......»»