Ford Sells About 8% of Its Stake in Electric-Vehicle Startup Rivian

Ford Motor The company sold off about 8% of its shares in Rivian Automotive Inc., according to people familiar with the matter, pushed shares of the electric-car startup to an all-time low.

Rivian Stocks have been under pressure, following news of the Ford the stock sale, reported by CNBC earlier on Saturday. Shares of Rivian closed down 21% to $22.78 on Monday, continuing a slide that began earlier this year when the company had to cut factory production due to chain challenges. supply.

https://www.wsj.com/articles/ford-sells-about-8-of-its-stake-in-electric-vehicle-startup-rivian-11652108269?mod=pls_whats_news_us_business_f Ford Sells About 8% of Its Stake in Electric-Vehicle Startup Rivian

Edmund DeMarche

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