autoevolution

Volkswagen Now Owns Almost 16% of Rivian, Overtaking Amazon As Its Largest Shareholder

Volkswagen invested another $1 billion in Rivian following the successful completion of a joint venture milestone, raising ...
Hosted on MSN

Here's Every Car Company Volkswagen Owns Right Now

There's no doubt that the Volkswagen Group is a towering colossus in the automotive industry, and really, industry in general. In 2024, Fortune calculated that it was the eleventh-largest company by ...
Electrek

Volkswagen overtakes Amazon as Rivian’s (RIVN) largest shareholder with 15.9% stake

Volkswagen now owns 15.9% of Rivian after a $1 billion share purchase, overtaking Amazon as the EV startup's largest shareholder for the first time since its IPO.
The Next Web

Volkswagen just became Rivian’s biggest investor. It is not buying trucks. It is buying the software its own engineers could not build.

VW now holds 15.9% of Rivian after a $1B share purchase, displacing Amazon for the first time since the 2021 IPO. The investment buys software VW failed to build.