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Volkswagen injects another $1 billion in Rivian

ArenaEV
Volkswagen is moving ahead with its high-stakes bet on Rivian, injecting a second €1 billion into the American electric vehicle maker. The payment came through after Rivian met critical financial targets, and it will deepen the alliance that a cash-hungry Rivian desperately needs and that Volkswagen hopes will finally solve its persistent software headaches. This latest capital infusion is a… Read more…

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