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Volkswagen’s EV partnership with Rivian wins German merger approval

( July 29, 2024, 09:22 GMT | Official Statement) -- MLex Summary: A joint venture between Volkswagen and US electric car maker Rivian — as well as VW's acquisition of a minority shareholding in Rivian Automotive — have won the approval of the German competition authority. Bundeskartellamt head Andreas Mundt said the project raises neither any serious antitrust concerns, nor any competition concerns with regard to innovation. The joint venture will develop the next generation of electricals-electronics architecture for EVs, as cars become increasingly digital and connected.Statement follows. ...

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