Volkswagen to Invest $5 Billion in Electric Vehicle Manufacturer Rivian**
German automotive giant Volkswagen has announced a $5 billion investment in electric vehicle manufacturer Rivian. This move is seen as part of Volkswagen’s strategy to strengthen its position in the electric vehicle market. Rivian, known for its electric SUVs and trucks, will use the investment to expand its production capacity. Volkswagen officials stated that this partnership offers significant opportunities for both companies.
