Rivian’s CEO looks like if Steve O was sober in the early 2000’s
What does VW get out of this?
Volkswagens EV platform is a mess because the CEO responsible for the pivot to EV within VW, was only allowed to implement it if he stopped being the CEO. So the next guy half assed the 80B$ pivot to EV, leading to VW being one of the worst performers amongst EV producing OEMs.
So now they are on the market to buy whatever is needed to get them out of the hot mess they created themselves.
VW is good at making cars, but bad at software. They’ve had to delay the introduction of new models (Golf, ID.3) because of software issues. Rivian has sort of the opposite problem: their production lines sit still often because of problems in the supply chain.
Volkswagen has the expertise to solve Rivian’s production and supplier problems, and the cash they will need to survive and develop some cheaper models (the EV market is stagnating right now for a lack of budget options, and Rivian only sells trucks and SUVs). And they’re hoping Rivian software engineers can help them fix their software woes.
Mixed feelings, I like VW but I don’t really like Rivian.
I’m in the opposite camp. What are the reasons you don’t like Rivian? (I don’t like VW because we had not one, but two vehicles caught up in Dieselgate. They’re dead to me. Which is a shame because I really liked them.)
Rivian comes off as a tech bro startup that has talked a big game but produced poor results, they’ve been advertising autonomous self driving since like 2015 or earlier. After shipments started, so did layoffs.
VW has a long history of reliable manufacturing to high standards in Europe. They’ve had executives make claims that they would overtake Tesla as the world’s largest electric car company by 2025. Obviously, VW has been lagging hard on EV and won’t reach that goal, but if I had to pick a favorite car company it’s between them and maybe JEEP or KIA.
