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Continental: in discussion with Volkswagen on Rivian joint venture

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Continental: in discussion with Volkswagen on Rivian joint venture

Aug 7, 2024 5:00 AM

Aug 7 (Reuters) - Continental is involved in

discussions with Volkswagen and its software unit Cariad on how

it could contribute to the carmaker's new joint venture with EV

maker Rivian, Continental's Chief Executive said on

Wednesday.

"We are strongly there and more than happy to support with

our platforms going forward... we are trying to understand how

we can contribute," Setzer said on an investor call following

second quarter results.

Volkswagen and Rivian announced in June that the German

carmaker would invest up to $5 billion in Rivian as part of a

venture to share EV platforms and software, with a newly formed

JV to take charge of developing a unified operating system for

vehicles across the Volkswagen Group.

(Reporting by Victoria Waldersee

Editing by Made3line Chambers)

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