Volkswagen launches joint venture with US electric car company Rivian

Berlin, Germany – German auto giant Volkswagen has officially launched a joint venture with US electric vehicle manufacturer Rivian, committing to a $5.8 billion investment, $800 million more than previously planned, to accelerate its electric vehicle transition. The partnership is expected to produce its first models based on Rivian’s advanced electric car technology from 2027,…

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Germany’s Scholz defends ‘unavoidable’ dismissal of finance minister

Berlin, Germany – German Chancellor Olaf Scholz on Wednesday defended his decision to fire finance minister Christian Lindner last week, prompting the collapse of his three-party coalition and early elections. “The decision was correct and unavoidable,” said Scholz as he gave a government statement in parliament. Scholz dismissed Lindner on November 6 following months of…

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