Software cooperation - The Kartellamt gives the green light for VW's entry into Rivian
Volkswagen has received the green light from the German Cartel Office for its planned entry into the US electric vehicle manufacturer Rivian. According to the announcement from the Berlin authority, the joint ventures and VW's minority stake in Rivian have been cleared under merger control law.
"There is no cause for concern regarding this project, and no significant competition issues are to be expected," said the President of the German Cartel Office, Andreas Mundt, according to the statement.
The cooperation, announced at the end of June, involves software, steering computers, and network architecture. New cars from VW are expected to shift to Rivian's technology and software in the second half of the decade. Volkswagen has been struggling with software development issues for its electric cars for years, resulting in delayed model launches. The partnership aims to accelerate the software development of the company. Europe's largest carmaker plans to invest up to five billion dollars in the project.
- Volkswagen's entry into the US electric vehicle manufacturer Rivian, approved by Germany's Cartel Office, will primarily focus on collaboration in the electro industry, particularly in software, steering computers, and network architecture, in Lower Saxony's automobile industry.
- The Federal Cartel Office in Berlin has determined that Volkswagen's joint ventures and minority stake in Rivian do not pose any significant competition threats to the male dominated automobile industry in USA or Germany.
- Andreas Mundt, the President of Germany's Cartel Office, reassured the public that the Rivian project in Wolfsburg will not pose any competition concerns, further boosting Germany's position in the global software market.
- Following the Cartel Office's approval, Volkswagen, known as VW, is set to adopt Rivian's technology and software for its new electric vehicles in the second half of this decade, aiming to overcome its historically challenging software development issues.
- The partnership with Rivian, a US-based electric vehicle manufacturer, is part of Volkswagen's ambitious plan to invest up to five billion dollars in Europe, benefiting the German and Lower Saxony's automobile industry.
- Volkswagen's decision to collaborate with Rivian, a significant player in the US electro industry, should be viewed as a positive move for the German automobile industry, fostering technological advancements and strengthening its position in the global market.
