Tag: injection

Rivian founder tells investors why incoming shareholder Volkswagen needs his help to take on Tesla just as much as he needs the cash injection

Volkswagen’s planned $5 billion investment in Rivian is a lifeline for the troubled carmaker—but not necessarily the one you may think. The cash injection plugs a hole in Rivian’s spending plans, providing much-needed investor confidence in founder R.J. Scaringe at a critical juncture when other EV startups like Fisker are declaring bankruptcy. But the world’s second-largest carmaker isn’t […]