Jump to content
News
Reviews
Discussons
Activity
Create New...
Close

  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • Drew Dowdell
    Drew Dowdell

    By Drew Dowdell •

    Rivian and Volkswagen Group to enter joint venture worth $5 billion

      The joint venture helps Rivian with cash and Volkswagen with software.

    Rivian and Volkswagen have announced a joint venture initially worth $ 1 billion to create the next generation of software-defined vehicles for both companies. Future investments and loans adding up to an additional $4 billion will occur in 2025 and 2026. 

    The venture will be equally owned and controlled by both companies to lower the cost per vehicle of both companies' vehicles. Rivian will contribute its electrical propulsion and battery expertise and license its software to the joint venture. The move gives Volkswagen access to Rivian's current EV propulsion designs to accelerate the rollout of VW Group vehicles.

    Rivian points out that this agreement does not cover areas such as chassis or non-propulsion-related component design. This means that the VW group's upcoming Scout brand will not feature badge-engineered Rivians.

    The investment will provide Rivian with some much-needed cash as it builds a new production facility in Georgia and gears up for the production of the Rivian R2 and Rivian R3.

    • Oh Yeah! 1
    Go to articles

    User Feedback

    Recommended Comments

    Drew Dowdell
    47 minutes ago, ccap41 said:

    This reminds me, @Drew Dowdell, is there anything left of the Rivian/Ford relationship? Did that just muster out or are they still partnering for something? 

    Ford sold out of most of their shares after the share value plummeted while Rivian was losing piles of cash.  Ford had to write off a $5.4 billion loss on their books because of some accounting things I don't understand. They only put in $500 million. 

    • Thanks 1
    • Facepalm 1
    Link to comment
    Share on other sites
    G. David Felt
    1 hour ago, Drew Dowdell said:

    Ford sold out of most of their shares after the share value plummeted while Rivian was losing piles of cash.  Ford had to write off a $5.4 billion loss on their books because of some accounting things I don't understand. They only put in $500 million. 

    I agree, never really understood the short-term investment and lack of not willing to benefit from Rivian. Some stupid leadership at Ford for sure.

    Link to comment
    Share on other sites
    Robert Hall
    15 minutes ago, G. David Felt said:

    I agree, never really understood the short-term investment and lack of not willing to benefit from Rivian. Some stupid leadership at Ford for sure.

    Perhaps Ford is too beholden on the stock market and investors and analysts expecting a huge ROI in a quarter...incapable of thinking long term for investments...

    • Agree 1
    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×



  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Posts

    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      Only if you're a rapist or Pedo! Those seem to be a requirement with the current administration of Idiot47. Never flew on them, I not really heard much good from folks except if your just focused on price.
    • trinacriabob
      Random Thoughts Thread

      By trinacriabob · Posted

      What I was really going to post ... This is more of a QUESTION than it is a random post. Have any of you flown on the lesser known airlines like Frontier, Allegiant, etc.? - - - - - I flew on Spirit only once and surprisingly got a good fare from Pensacola to South Florida (Lauderdale, in this case).  It was about $105 with the bag underneath and a window seat.  I got lucky that time.  It was cheaper than driving and less tiring. What about Frontier and Allegiant?  They initially display a favorable price with zero add-ons.  But, by the time you add a rollaboard and a bag underneath, does it come out to about what the legacy carriers might charge?  I always get turned off when I check out Frontier or Spirit, only to find that it's not as cheap as it looks and I don't get miles credited to a significant account. As for Southwest, they're just like the other carriers now ... you pay for bags, good seats, etc. Help needed with the "other" cheapies ... especially Frontier.  Thanks.
    • trinacriabob
      Random Thoughts Thread

      By trinacriabob · Posted

      Good morning: "Presidential material?!?" LOL
    • G. David Felt
      Toyota News: 2027 Toyota Highlander EV: Specs, Range, Price & Trim

      By G. David Felt · Posted

      Kia and Hyundai are pretty much committed to their new EV name space as they have all categories pretty much covered and yet for everyone else, it makes sense to stick with their original names, pretty much Genesis realized this early and in 2023 when announcing the 2024 EV models changed to using their existing names so you had as an example a GV60 or GV60 EV. Makes sense to stick to their original naming. 
    • smk4565
      Toyota News: 2027 Toyota Highlander EV: Specs, Range, Price & Trim

      By smk4565 · Posted

      I think this is a smart move to make the Highlander EV since you have the Rav4 and Grand Highlander hybrids, you don't need another hybrid SUV, especially when they have 4Runner and Land Cruiser and Sequoia hybrids.   A big reason EV's don't sell is they make the, look quirky or super futuristic or like a space ship or something thinking that is what early adopters wants, and then they dish out terrible names like bZ4x.  If you really want to sell EV's, you make it look generic and use a proven name like Highlander.  People coming back that have owned 3 Highlanders in the past will probably buys this just because they buy Highlanders.  

  • Who's Online (See full list)

    • There are no registered users currently online

  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search