company

Rivian stock rises as company expands joint venture with Volkswagen

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Rivian stock rises as company expands joint venture with Volkswagen

Rivian (RIVN) stock rose as much as 16% in early afternoon trading Wednesday after the EV maker has announced an extension of its partnership with Volkswagen (VWAGY), with the German automaker pouring more money into a joint venture. The joint venture (JV), initially announced in Junewill use Rivian’s electrical architecture – known as “zonal architecture” … Read more

Spirit Airlines stock plunges 60% as the company reportedly prepares to file for bankruptcy

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Spirit Airlines stock plunges 60% as the company reportedly prepares to file for bankruptcy

Spirit Airlines stock (SAVE) fell as much as 64% early Wednesday, the most on record, as the budget airline explores a deal with creditors to restructure its debt amid a reported threat of bankruptcy following merger talks with Frontier (ULCC) collapsed. On Tuesday, a Wall Street Journal report said the airline is preparing to file … Read more