Ford Unloads Extra Shares of Electrical-Automobile Startup Rivian

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.

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