Volkswagen (VWAGY) stated that the technology it is developing with U.S. electric-vehicle maker Rivian (RIVN) could eventually be applied to its internal combustion engine vehicles, Reuters’ Abhirup Roy and Rachel More report. The company faces challenges in unifying software and electronics across its brands due to delays at its in-house software unit, Cariad.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VWAGY:
- Citigroup Doubles Down on Rivian Stock (RIVN), Reaches Largest Stake Since 2021 IPO
- Chinese EV Stocks Gain in Europe, Putting Pressure on Stellantis and Volkswagen
- Midday Fly By: Qualcomm reports Q4 beat, Schwab acquires Forge
- Cantor Analyst Remains Cautious on Rivian Stock (RIVN) Despite Q3 Beat
- Volkswagen begins to develop AI chip to recover China sales, FT says