teddyleung/iStock Editorial via Getty Images Volkswagen (VWAGY, VWAPY) shares closed 1.4% lower Tuesday as selling pressure was triggered after the company said its Brussels facility which manufactures the Audi Q8 e-tron EV model could be shuttered due to lackluster demand for the vehicle. The expenses incurred to close the facility,Continue Reading
Spencer Platt/Getty Images News Electric car-maker Rivian Automotive (NASDAQ:RIVN) denied rumors and said it had no plans to expand its partnership with Volkswagen (OTCPK:VWAGY) for vehicle production, Reuters reported. A German newspaper, Handelsblatt, earlier reported that the businesses were considering joint production of Rivian’s (RIVN) more affordable and smaller R2Continue Reading
Volkswagen (OTCPK:VWAGY) (OTCPK:VWAPY) is recalling over 271,000 vehicles in the U.S. over a wiring fault that may deactivate the front passenger airbag when the seat is occupied, the U.S. National Highway Traffic Safety Administration (NHTSA) said. “The passenger occupant detection system (PODS) may experience a fault in the wiring andContinue Reading
hapabapa Rivian Automotive (NASDAQ:RIVN) sent some jolts across the electric vehicle sector with its announcement that the company would form a joint venture with Volkswagen (OTCPK:VLKAF) (OTCPK:VWAGY). The initial and planned investments by Volkswagen (OTCPK:VLKAF) of $5 billion, in addition to Rivian’s (RIVN) current cash position, are expected to provideContinue Reading
