The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian’s software and electrical architecture arriving as early as 2027.

Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup's more technical chops in the coming years.

New vehicles from VW unit Scout Motors vehicles will also be among the first ... including an initial $1 billion convertible note. The Audi-parent will invest $1.3 billion for intellectual property licenses and an equity stake and up to $3.5 billion ...