VW Rivian Deal Wins Plaudits, Could Be Template For EV Transition

📆 7/2/2024 5:26 PM
📰 ForbesTech

⏱ Reading Time:
19 sec. here
12 min. at publisher
📊 Quality Score:
News: 46%
Publisher: 59%

Volkswagen News

Rivian,Auto Forecast Solutions,Morgan Stanley

As a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out how these gigantic enterprises are really doing. I also love to drive their magnificent machines, and their more modest ones. I’ll be telling you if the technology works, too.

received a positive reception although some analysts worried that VW’s huge capital investment spending plan might be harder to control, especially given the company’s weird ownership structure.

“The joint venture could be an example for success in the rising number of collaborations between in the transition to EVs,” Layson said. “As yet there is no evidence that the €170 billion 2025-2029 capex and R&D spending plan has been reduced here. Reducing this number is ultimately the key to a higher VW share price, we believe,” Morgan Stanley said.Getty Images

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Volkswagen’s Rivian Deal Points To Bigger U.S. AmbitionsAs a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out how these gigantic enterprises are really doing. I also love to drive their magnificent machines, and their more modest ones. I’ll be telling you if the technology works, too.
Source: ForbesTech - 🏆 318. / 59 Read more »