CommercialVehicles

Volkswagen Boosts Liquidity by Offering Stake in Truck Unit Traton

2 months ago

In a strategic move to enhance its financial position, Volkswagen AG has announced the sale of a 2.2% stake in its truck subsidiary, Traton SE. This decision comes in light of the ongoing need to strengthen liquidity amidst an evolving automotive market. Volkswagen's initiative signals its continued commitment to financing operations while navigating economic uncertainties.

Rivian Expands Market for Its Electric Vans Beyond Amazon

3 months ago

In a significant move for both Rivian and the electric vehicle market, Rivian has announced that it will broaden the sales reach of its all-electric delivery vans, a product initially created exclusively for Amazon. Originally launched to serve the needs of the e-commerce giant, these vans are now set to be available for purchase by other companies, illustrating Rivian's commitment to tapping into broader commercial opportunities within the ever-evolving electric vehicle sector.