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Benzinga
Benzinga
Business
Rachit Vats

Ford Sells 8M Shares Of Rivian At A Discount

Ford Motor Co (NYSE:F) said on Tuesday it sold 8 million shares in electric vehicle startup Rivian Automotive Inc (NASDAQ:RIVN), estimated to be $214.4 million, at a discount.

What Happened: Ford still owns 93.9 million shares in the Irvine, California-based electric-car maker.

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