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Ford Sells Shares in EV Maker Rivian for $214 Million

Reuters2022-05-11

May 10 (Reuters) - Ford Motor Co sold 8 million shares of electric carmaker Rivian Automotive Inc for $214 million, or $26.80 apiece, the U.S. automaker said in a filing on Tuesday.

Ford now holds 93.9 million shares in the California-headquartered company.

Rivian's shares opened at a record low on Monday after the sale was reported by CNBC over the weekend.

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Comment9

  • Jehms
    ·2022-05-11
    Oh
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  • JLKang
    ·2022-05-11
    Bad news 
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  • SandyPoo
    ·2022-05-11
    Ok
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  • Numihang da
    ·2022-05-11
    Hello 
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  • blessed_1
    ·2022-05-11
    Thanks 
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  • Pigmonkey
    ·2022-05-11
    Ok
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  • Pigmonkey
    ·2022-05-11
     Ok
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  • MuppyKoh
    ·2022-05-11
    Please like
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  • YokeYew
    ·2022-05-11
    Danger position to Rivian now
    Reply
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