Ford Sells Shares in EV Maker Rivian for $214 Million
May 10 - Ford Motor Cosold 8 million shares of electric carmaker Rivian Automotive Incfor $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.