VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
The company, which began trading on the stock exchange last month, said it lost $1.2 billion in the third quarter.
The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year.
Normal, Ill., is hoping the upstart electric vehicle maker Rivian can help the town become thriving once again.
The race to make electric vehicles is turning some places into winners. Normal, Ill., is one of them. But it has seen good times go sour in the past.