Business

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



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

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



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