US car marker Ford sells shares in EV maker Rivian for $214 million
Ford now holds nearly 94 million shares, or a 10.5% stake, and is still the fourth-largest shareholder in the Irvine, California-based company, according to Refinitiv data.
Ford`s selling price of $26.8 per share on May 9 came in lower than Rivian`s close of $28.79 on Friday: Reuters