Rivian Jumps on Volkswagen’s $5 Billion ‘Vote of Confidence’ Investment
June 26, 2024
(Reuters) – Rivian Automotive surged 36% premarket on Wednesday after a $5 billion investment from Volkswagen offered the loss-making startup more firepower to scale production in a slowing electric-vehicle market. The investment will also bolster Rivian’s depleting cash reserves, further its target …
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