During talks last June, VW said it would invest $5 billion in Rivian to collaborate on developing a new electrical architecture and vehicle software for future models, including subcompact cars, with the first planned for 2027. That investment has since ...

Rivian and Volkswagen Group have finalized a multibillion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June.