Volkswagen and Rivian to Form Joint Venture for Vehicle Software
Delayed Cariad Software Releases Spur Collaboration
Volkswagen and Rivian have announced a partnership to establish a joint venture for developing state-of-the-art vehicle software. This collaboration stems from VW's internal software developer, Cariad, experiencing significant delays and financial losses, impacting the launch of several models.
Cariad's Struggles Shape Deal
Over the past two years, Cariad has reported losses totaling 45-48 billion, leading to delays in product launches across the VW group. Despite Volkswagen vehicles already running on software version 11, Cariad's inability to deliver products on time has prompted the company to seek external assistance.
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