Ford (F) disclosed in a 13G regulatory filing, from earlier, that it currently owns 1.15% or 10,502,427 shares of Rivian (RIVN) stock down from 87M shares or 9.7% stake, reported in May of 2022. The Fly notes that the sale comes a week after Ford reported a $7.3B write-down on its Rivian investment. Ford sold over 90M shares of Rivian in 2022, according to regulatory filings.
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Published first on TheFly
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