04 Dec, 2024
3 mins read

Volkswagen Invests $5 Billion in Rivian, Outlines Path to Profitability

The electric vehicle manufacturer Rivian has secured a whopping $5 billion investment from the Volkswagen Group in a move that will help the company achieve its goal of profitability. This is especially so given that Rivian recently held an investor day event where the company’s top management provided an overview of the company’s strategy. This […]

3 mins read

Major Automakers End Production of Internal Combustion Engines by 2030

This is a synchronised action that marks a shift in the automobile industry as some of the biggest car manufacturers in the world announced that they will stop manufacturing ICE cars by 2030. This record-shattering pledge from an auto industry coalition comprising of players like Toyota, Volkswagen, Ford, General Motors, Honda, among others, is a […]