Motoring Podcast - News Show

FOLLOW UP: ARAMCO FINALLY AGREE TO HORSE STAKEThe joint-venture between Geely and Renault, for engine technology, called Horse, has finally managed to get Aramco on board as the third partner. They are expected to take a 10% share in the company. To read more, click this link to a Reuters article here. VW THROWS $1B LIFELINE TO RIVIANVolkswagen and Rivian announced a partnership, with VW investing $1 billion initially into the US EV start up. The German company has stated it wants access to the battery technology and full software stack Rivian has developed. A further $4 billion could come from Volkswagen if certain criteria are met. This helps Rivian survive a little longer, but raises big questions about CARIAD. Click this Tech Crunch article link for more. Click this Christiaan Hetzner Twitter thread for more about CARIAD and why the deal brings it’s existence into question. If you would like to read more about Rivian’s ambitions, click this autoevolution article link here. STELLANTIS THREATEN TO CLOSE U