Volkswagen Group and Rivian have launched a $5.8bn joint venture, with VW increasing its investment in the partnership to use Rivian’s EV technology. The collaboration aims to reduce development costs, scale new technologies faster, and introduce VW models equipped with Rivian technology by 2027. This strategic move comes amid slowing global demand for electric cars and increased competition from Chinese rivals, providing Rivian with crucial funding as it prepares to launch its R2 SUV model next year.
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Small business not convinced there’s much in Budget for them but see bigger picture
Scott Jones, owner of Diabolik bookstore in Mount Hawthorn, expressed disappointment with the State Budget, noting no changes in payroll tax or energy credits, and feeling it offered little support for small businesses. He acknowledged potential benefits from broader investments in housing and health but emphasized the increasing challenges of running his retail business amid rising expenses and longer working hours. Need More Context? 🔎
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