Volkswagen VZ Stock News

John Cappella succeeds Joe Lawrence to lead operations at Porsche Cars North America John Cappella succeeds Joe Lawrence to lead operations at Porsche Cars North America

China's SAIC Motor and German carmaker Volkswagen have signed several energy technology cooperation agreements related to their SAIC Volkswagen joint venture in China.

A few camouflaged Audis arrived secretly from Germany early this year at a facility of electric vehicle (EV) maker Rivian in California, where some 30 engineers stripped the electronics and fitted them with the U.S. startup's harnesses and modules.

Shares of electric vehicle maker Rivian Automotive (ticker: RIVN) are soaring, with the stock up more than 40% in premarket trading as of the time of this writing. The reason for the stock surge?

An up to $5 billion investment in Rivian Automotive Inc (NASDAQ:RIVN) from automaker Volkswagen Group (XETRA:VOW) is a game-changer for the electric vehicle maker, Wall Street analysts believe. Investors appear to agree with them, sending shares of Rivian 28% higher in early trade on Wednesday to about $15.30.

Electric vehicle (EV) part manufacturer Aptiv PLC (NYSE:APTV) stock is dropping to four-year lows today, down 8.3% at $67.25 at last glance, after Piper Sandler downgraded the stock to "underweight" from "neutral.

Rivian Automotive, Inc. shares surged up to 50% after it announced that Volkswagen would invest $5.0B into the EV start-up. The Volkswagen deal significantly reduces liquidity and ramp-up risks for Rivian. Despite challenges in the EV market, Rivian remains a highly promising and well-capitalized investment opportunity in the electric vehicle market.

Rivian stock surged early Wednesday after it announced a joint venture with Volkswagen, which includes plans for a $5 billion cash infusion.