Volkswagen (pref) : Rivian partnership: a costly way to try to fix previous strategic shortcomings
>A new partnership focused on E/E architecture and software… - Volkswagen and Rivian yesterday evening announced plans to create a 50/50 JV focused on SDV and E/E (electric/electronic) architectures to be used by both OEMs future vehicles and based on the US OEM technology and know-how. As part of this new partnership (closing expected in Q4 2024) and from a financial standpoint, VW indicated it will invest an initial $ 1bn in Rivian, with up to $ 4bn in planned addit...Volkswagen the parent company of the Volkswagen Group. It develops vehicles and components for the Group's brands, and produces and sells vehicles such as passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. In the electricity sector, Co. performs electricity generation, sales and distribution together with a Group subsidiary. Western Europe, China, Brazil, the U.S., Russia, Mexico and Argentina are the key markets of the Group. The automotive division comprises the passenger cars, commercial vehicles, and power engineering segments, while the financial services division corresponds to the financial services segment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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