Rivian and Volkswagen have formed a joint venture to develop advanced electric vehicle technology, with Volkswagen investing $5 billion and increasing its commitment by an additional $800 million. This partnership aims to enhance Rivian's vehicle margins and accelerate software development, while both companies face challenges in the competitive EV market. The first vehicles utilizing this new architecture are expected to launch in 2027, with implications for various brands within the Volkswagen Group.
Europe's competition officials warn that proposed changes to merger rules aimed at creating corporate giants may backfire, potentially harming the economy. While calls for consolidation in sectors like telecoms and banking grow, officials emphasize the need to address regulatory fragmentation rather than relax competition rules. The focus should remain on fostering strong competition to prepare European firms for global challenges.
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