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HomeBusinessFord Unloads More Shares in Electric-Vehicle Startup Rivian

Ford Unloads More Shares in Electric-Vehicle Startup Rivian

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

Ford bought 7 million Rivian shares at a value 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 value.

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