Volkswagen to invest an additional $800 million to push forward its cooperation plan with Rivian (RIVN.US)

Volkswagen AG on Tuesday added $800 million to its investment plan to jointly develop battery-powered vehicles with Rivian Inc. (RIVN.US), which the German carmaker said in June it expected to invest $5 billion in. The companies also named leaders for their $2 billion-plus joint venture and showed off a prototype electric vehicle and commitment despite a weak global demand for EVs and a Trump administration threatening to cut support policies.