CNBC | Why Rivian And VW Both Need Each Other @CNBC | Uploaded September 2024 | Updated October 2024, 1 hour ago.
After a staggeringly successful IPO, Rivian shares and market value have plummeted. With interest rates high and funding drying up, some analysts say the electric SUV and truck maker is potentially just a couple of programs away from bankruptcy. However, in 2024 it received a big shot in the arm—a $5 billion investment from German automaker, Volkswagen Group. VW, the second largest automaker in the world, has a lot to offer Rivian. But it needs something in return. CNBC examines exactly what that is and why it could be revolutionary for the auto industry.
Chapters:
00:00 - 01:05 Title card - Why VW and Rivian need each other
01:12 Chapter 1 - Bleeding Cash
04:32 Chapter 2 - Volkswagen
8:49 Chapter 3 - The secret sauce
11:49 Chapter 4 - Future
Producer: Robert Ferris
Editor: Evan Lee Miller
Animation: Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional footage: Bentley, CARIAD, Ford, Getty Images, General Motors, Lamborghini, Mazda, Porsche, Rivian, Scout Motors, Stellantis, Volkswagen
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Why Rivian And VW Both Need Each Other
After a staggeringly successful IPO, Rivian shares and market value have plummeted. With interest rates high and funding drying up, some analysts say the electric SUV and truck maker is potentially just a couple of programs away from bankruptcy. However, in 2024 it received a big shot in the arm—a $5 billion investment from German automaker, Volkswagen Group. VW, the second largest automaker in the world, has a lot to offer Rivian. But it needs something in return. CNBC examines exactly what that is and why it could be revolutionary for the auto industry.
Chapters:
00:00 - 01:05 Title card - Why VW and Rivian need each other
01:12 Chapter 1 - Bleeding Cash
04:32 Chapter 2 - Volkswagen
8:49 Chapter 3 - The secret sauce
11:49 Chapter 4 - Future
Producer: Robert Ferris
Editor: Evan Lee Miller
Animation: Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional footage: Bentley, CARIAD, Ford, Getty Images, General Motors, Lamborghini, Mazda, Porsche, Rivian, Scout Motors, Stellantis, Volkswagen
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGB
Connect with CNBC News Online
Get the latest news: cnbc.com
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
#rivian
#volkswagen
#EVs
Why Rivian And VW Both Need Each Other
