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Open original source ↗This is not good news for $RIVN. Reminder that their Software and Services segment (only source of profits) is almost entirely revenues from their JV with VW.
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Breaking News: Volkswagen said it is cutting about 50,000 jobs in the face of surging Chinese competition, energy prices and the costly transition to electric vehicles. https://t.co/rWXmy2ZNd7
nytimes ↗