28th March 2024

Ford Motor mentioned 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 mentioned in a regulatory submitting late Friday. That adopted an 8-million-share sale earlier within the week at about the identical worth.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.