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Automakers

VW's $5B Rivian deal raises doubts over Scout EV revival

Rivian’s R1T electric pickup Arc 24
Rivian already produces rugged electric models such as the R1T pickup truck. (BLOOMBERG)
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By:
Bloomberg
June 27, 2024 08:52 AM

Volkswagen Group’s tie-up with Rivian Automotive may leave in limbo the future of the German automaker’s plan to revive the Scout brand that is aimed at the same buyers as the developer of electric SUVs.

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Tariff costs, policy uncertainty prevent suppliers from investing in the U.S., MEMA says
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Suppliers have become more pessimistic about their financial outlooks and how globally competitive they are since tariffs have gone into place, MEMA data shows.

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Tariff costs, policy uncertainty prevent suppliers from investing in the U.S., MEMA says
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$11 billion tariff tsunami poised to wash over Japanese automakers looking to boost U.S. output
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