article thumbnail

VW Throws Rivian A $5 Billion Lifeline, But Can They Stay Afloat?

Carscoops

facility but also to build a new facility in Georgia,” Bank of America said.” . “This news is meaningfully positive for RIVN as the agreement should provide the company with access to capital to not only fund the ramp-up of production of the R2 at its Normal, Ill.,

Buy Rate 105
article thumbnail

Why there’s very little fallout from Tavares’s Stellantis exit

Autocar

Strong orders for electric Citron -C3 will help Stellantis to meet its EU CO2 targets Car making giant has bounced back from stock slide and has several crucial new models in the pipeline for 2025 In a recent rundown of European automotive shares, Swiss bank UBS judged only one car maker's stock worth buying: Stellantis.

Banking 76