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Rivian Beats Wall Street’s Estimates Despite Losses and Cost-Cutting Focus

Rivian Beats Wall Street’s Estimates Despite Losses and Cost-Cutting Focus

Despite ongoing losses of over $1 billion, Rivian Automotive exceeded Wall Street's revenue and earnings estimates for Q2 2024 through cost-cutting measures.

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Volkswagen Reveals $5 Billion Investment, Partnership with EV Maker Rivian

Volkswagen Reveals $5 Billion Investment, Partnership with EV Maker Rivian

German automaker Volkswagen announced that it would invest $5 billion in US-based electric vehicle maker Rivian as part of a joint venture to share EV architecture and software.

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