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Re: Ford sells shares in EV maker Rivian for $188.2 million
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Biden Economics
Jun 19, 2022, 9:15:02 PM6/19/22
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In article <t1504b$2qd6s$1...@news.freedyn.de>
fuck face <fuck...@queers.com> wrote:
>
(Reuters) - Ford Motor (NYSE:F) Co sold 7 million shares of
electric carmaker Rivian Automotive Inc for about $188.2
million, or $26.88 apiece, the U.S. automaker said in a filing
on Friday.
Ford now holds 86.9 million shares in the California-
headquartered company.
Rivian is struggling in a competitive market, including
competition from Ford's F-150 Lightning electric pickup truck,
while a supply chain crisis is limiting production at its plants.
The electric-car maker earlier slashed its planned 2022
production in half to 25,000 vehicles.
On Tuesday, Ford had sold about 8 million shares of Rivian worth
$214 million.
Rivian shares closed at $26.70 on Friday.
https://www.investing.com/news/stock-market-news/ford-sells-
shares-in-ev-maker-rivian-for-1882-million-2824766
fuck face <fuck...@queers.com> wrote:
>
(Reuters) - Ford Motor (NYSE:F) Co sold 7 million shares of
electric carmaker Rivian Automotive Inc for about $188.2
million, or $26.88 apiece, the U.S. automaker said in a filing
on Friday.
Ford now holds 86.9 million shares in the California-
headquartered company.
Rivian is struggling in a competitive market, including
competition from Ford's F-150 Lightning electric pickup truck,
while a supply chain crisis is limiting production at its plants.
The electric-car maker earlier slashed its planned 2022
production in half to 25,000 vehicles.
On Tuesday, Ford had sold about 8 million shares of Rivian worth
$214 million.
Rivian shares closed at $26.70 on Friday.
https://www.investing.com/news/stock-market-news/ford-sells-
shares-in-ev-maker-rivian-for-1882-million-2824766
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