Ford sells shares in EV maker Rivian for $188.2 mln
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Thursday
July 07, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
THURSDAY, JULY 07, 2022
Ford sells shares in EV maker Rivian for $188.2 mln

Global Economy

Reuters
14 May, 2022, 10:10 am
Last modified: 14 May, 2022, 10:13 am

Related News

  • Lamborghini to invest at least 1.8 bln euros in path towards electrification
  • Ferrari to churn out gas guzzlers on its slow road to electric
  • Biden administration leans on Tesla for guidance in renewable fuel policy reform
  • DeLorean Alpha5 revealed as a four-seat electric Coupe
  • Volkswagen to revive International Scout

Ford sells shares in EV maker Rivian for $188.2 mln

Reuters
14 May, 2022, 10:10 am
Last modified: 14 May, 2022, 10:13 am
The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay
The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay

Ford Motor Co (F.N) sold 7 million shares of electric carmaker Rivian Automotive Inc (RIVN.O) for about $188.2 million, or $26.88 apiece, the U.S. automaker said in a filing on Friday.

Ford now holds 86.9 million shares in the California-headquartered company.

Rivian is struggling in a competitive market, including competition from Ford's F-150 Lightning electric pickup truck, while a supply chain crisis is limiting production at its plants. read more

The electric-car maker earlier slashed its planned 2022 production in half to 25,000 vehicles.

On Tuesday, Ford had sold about 8 million shares of Rivian worth $214 million.

Rivian shares closed at $26.70 on Friday.

EV / Rivian / Ford

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • FILE PHOTO: British Prime Minister Boris Johnson leaves 10 Downing Street in London, Britain, February 9, 2022. REUTERS/Tom Nicholson
    UK PM Johnson to resign today
  • Prime Minister Sheikh Hasina. Sketch: TBS
    Do not punish whole world to punish one country: PM to US
  • File Photo: State Minister for Power, Energy and Mineral Resources Nasrul Hamid/UNB
    Nasrul Hamid hints at fuel price hike amid global crisis 

MOST VIEWED

  • Representational image. Photo: Collected
    India now restricts exports of flour, other derivatives
  • U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo
    King Dollar stands tall as recession fears churn global markets
  • Photo: TBS
    Cost-of-living crisis driving 'breathtaking' surge in extreme poverty -UNDP
  • International Monetary Fund chief Kristalina Georgieva meets Democratic Republic of Congo President Felix Tshisekedi in Kinshasa, Democratic Republic of Congo, December 8, 2021. REUTERS/ Hereward Holland
    IMF chief says 'cannot rule out' possible global recession
  • Model of petrol pump is seen in front of US and Iran flag colors in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
    US tightens sanctions on Iran, targets Chinese, Emirati firms over oil
  • Silhouette of mobile user is seen next to a screen projection of Apple logo in this picture illustration taken 28 March, 2018. PHOTO: REUTERS/Dado Ruvic/Illustration/File Photo
    Apple to release new 'Lockdown Mode' as it battles spyware firms

Related News

  • Lamborghini to invest at least 1.8 bln euros in path towards electrification
  • Ferrari to churn out gas guzzlers on its slow road to electric
  • Biden administration leans on Tesla for guidance in renewable fuel policy reform
  • DeLorean Alpha5 revealed as a four-seat electric Coupe
  • Volkswagen to revive International Scout

Features

Farsim is keen on listening to what his clients really want; in this profession attention is key. Photo: Noor-A-Alam

Making it as an audio engineer

3h | Pursuit
Illustration: TBS

Applystart: Helping students navigate the maze of foreign university applications

4h | Pursuit
The sea beach in Kuakata. Photo: Syed Mehedy Hasan

Five places in Southern Bangladesh you could visit via Padma Bridge

1d | Explorer
Genex Infosys Limited is the country's largest call centre with more than 2,000 seats and full-set equipment. Photo: Courtesy

How domestic demand made Genex Infosys a BPO industry leader

1d | Panorama

More Videos from TBS

Load shedding is back

Load shedding is back

4h | Videos
Photo: TBS

Has Russia gained anything in its invasion of Ukraine?

5h | Videos
Behind the story of 'Aske Amar Mon Bhalo Nei'

Behind the story of 'Aske Amar Mon Bhalo Nei'

16h | Videos
Is Donbas Putin’s next target?

Is Donbas Putin’s next target?

20h | Videos

Most Read

1
Photo: Collected
Africa

Uganda discovers gold deposits worth 12 trillion USD

2
TBS Illustration
Education

Universities may launch online classes again after Eid

3
Area-wise load shedding schedule will be announced: PM
Bangladesh

Area-wise load shedding schedule will be announced: PM

4
Padma Bridge opens up investment spree in south
Industry

Padma Bridge opens up investment spree in south

5
Build Dhaka East-West Elevated Expressway, relocate kitchen markets: PM
Bangladesh

Build Dhaka East-West Elevated Expressway, relocate kitchen markets: PM

6
File Photo: BSS
Energy

India pulls out of LoC funding for part of Rooppur power transmission work

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
A boat sails through the River Meghna carrying rice bran, a popular cattle feed, from a rice mill in Ashuganj to cattle markets. There are around 250 rice mills in Ashuganj that produce rice bran. The photo was taken recently. Photo: Rajib Dhar

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net