Ford Unloads Further 7 Million Shares of Electric-Vehicle Startup Rivian

Ford Motor stated it unloaded extra shares of Rivian Automotive Inc., additional pressuring the electric-truck maker’s battered inventory worth.

Ford offered 7 million Rivian shares at a worth of $26.88, the corporate stated in a regulatory submitting late Friday. That adopted an 8-million-share sale earlier within the week at about the identical worth.

Source link

Leave a Reply

Your email address will not be published.