Volkswagen: Rivian JV a matter of ‘speed’ and ‘cost’

In a new interview with UK online outlet Top Gear, Volkswagen’s Chief Executive for Passenger Cars, Thomas Schäfer, offered a rare insight into the automaker’s thought process behind its US$5.8bn joint venture electric vehicle (EV) brand Rivian. The ten-figure investment, he explained, was a necessary measure to ensure that its software products meet customers quickly and without drawn-out, expensive development windows.