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Ford is selling 8 million of its Rivian shares as the insider lockup for the stock expires on Sunday
Rivian General Discussion ForumFord Motor selling their 8 million stake in Rivian Automotive, a source familiar with the matter told CNBC. Ford currently owns 102 million shares of Rivian. Ford itself will sell their stake in Rivian through Goldman Sachs, the sources said. Ford Motor is selling 8 million of its Rivian...- 12
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vhimotu ·
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2020+ Rivian NewsFord in its first-quarter financial report suffered a loss of $3.1 billion, largely due to a decline in the value of its investment in Rivian. The decline in Rivian’s share price since its IPO in November had a major impact on Ford’s profitability. At the beginning of the year, Rivian’s stock...
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vhimotu ·
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Rivian General Discussion ForumRivian and Ford announced today that Alexandra Ford English will join Rivian’s board of directors. She is director of Corporate Strategy for Ford Motor Company. This is a very interesting move as it shows that Ford is still very much invested in Rivian. Even though they had to pull the plug on...
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