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German antitrust body gives green light to VW-Rivian joint venture

By Reuters29 Jul 2024Reuters1 Mins read37
FILE PHOTO: A VW badge is seen on a car at a dealership in Kaluga, Russia March 30, 2022. Picture taken March 30, 2022. REUTERS/Evgenia Novozhenina/File Photo
FILE PHOTO: A VW badge is seen on a car at a dealership in Kaluga, Russia March 30, 2022. Picture taken March 30, 2022. REUTERS/Evgenia Novozhenina/File Photo

BERLIN (Reuters) – Germany’s Volkswagen and U.S electric car maker Rivian Automotive may form a joint venture, the German competition authority said on Monday.

There are “no serious competition problems to be feared”, Andreas Mundt, head of the Bundeskartellamt, said in a statement.

(Writing by Friederike Heine, Editing by Rachel More)

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