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VW will invest up to $5 billion in Rivian as part of new EV joint venture
(www.theverge.com)
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this post was submitted on 26 Jun 2024
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What does VW get out of this?
Volkswagens EV platform is a mess because the CEO responsible for the pivot to EV within VW, was only allowed to implement it if he stopped being the CEO. So the next guy half assed the 80B$ pivot to EV, leading to VW being one of the worst performers amongst EV producing OEMs.
So now they are on the market to buy whatever is needed to get them out of the hot mess they created themselves.
PIVOT!!
mommy mommy why are we going in circles?
shut up or i'll nail your other foot to the floor!