Rivian receives $1B Volkswagen loan, boosting EV maker's liquidity

Rivian confirmed receipt of the full $1 billion loan from Volkswagen, as disclosed in a regulatory filing. This follows the previously announced partnership and provides Rivian with critical capital amid ongoing cash burn. The move strengthens Rivian's near-term liquidity and signals continued strategic backing from Volkswagen, though long-term viability remains tied to production ramp-up.