Rivian will form an equally controlled joint venture with Volkswagen to share EV architecture and software
Shares in the EV car leader have jumped 44 per cent so far this year after tumbling 65 per cent during 2022
The German carmaker is selling a 12.5 per cent stake of Porsche’s total share capital
The move will direct funds to Europe’s biggest carmaker to foot the staggering cost of electrification and software development
Argo confirmed the layoffs from a global workforce that has grown to more than 2,000
Volkswagen confirmed a projection that deliveries will rise by as much as 10 per cent this year
The acquisition comes a little over a year after the mega-merger between Fiat Chrysler and PSA Group
Lamborghini has an ambitious roadmap for all its cars to be hybrid models by 2024, followed by an all-new full-electric Lambo before the end of the decade. And before you ask, the V12 combustion engine will continue to breathe
Goldman banker Eyas AlDossari will head investment advisory within the MENA Investments Division of the fund
He previously occupied the position of COO of Volkswagen Passenger Cars
The vehicles are being used to transport critical equipment, medical supplies and meals to team workers and their families living in the UAE