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Volkswagen Shares Dip Amid $5 Billion Investment Plan with Rivian
In early trading on Wednesday, shares in Volkswagen, Europe's leading car manufacturer, witnessed a decline of 1.4%. This downturn occurred shortly after the company announced its intention to invest up to $5 billion in a new joint venture with Rivian, an electric vehicle manufacturer. This strategic move signifies Volkswagen's commitment to expanding its footprint in the electric vehicle market, reflecting broader industry trends towards sustainable transportation solutions.
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