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Volkswagen bets on US startup to save its EV strategy

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Volkswagen, struggling against US and Chinese electric vehicle rivals, partners with Rivian to revamp its EV software strategy. The German auto giant's in-house software unit, Cariad, faced setbacks, prompting this "high-risk" collaboration. This partnership aims to streamline Volkswagen's software development from 2026, crucial for competing in the evolving automotive landscape.