German Antitrust Authority Gives Green Light to Volkswagen-Rivian Joint Venture

July 30, 2024 – The German antitrust regulatory authority, the Bundeskartellamt, announced on July 29 local time that it has approved the establishment of a 50%-50% joint venture between Volkswagen and the American automotive startup Rivian. The regulator also gave the nod for Volkswagen to acquire a minority stake in Rivian. Volkswagen had previously declared…

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Volkswagen CFO: EVs Still Less Profitable Than ICE Vehicles

May 8, 2026 – Volkswagen Group’s Chief Financial Officer (CFO), Arno Antlitz, recently revealed during an earnings call that the profit margins of electric vehicles (EVs) still lag significantly behind those of internal combustion engine (ICE) vehicles. He emphasized that true profitability parity between EVs and ICE vehicles may only be achieved once the next-generation…

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Countdown to Delivery: Faraday Future’s FF 91 2.0 Futurist Alliance Car Ceremony Scheduled for the Weekend

August 10, 2023 – In an exciting announcement today, FF (Faraday Future) has revealed its plans for a remarkable event, marking the commencement of a unique partnership with developers in the automotive world. FF has unveiled its intention to live-stream the delivery ceremony of the inaugural FF 91 2.0 Futurist Alliance vehicle. This event will…

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