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Ford unloads further 7 million shares of electric-vehicle startup Rivian

1 min read . Updated: 15 May 2022, 06:26 PM IST MIKE COLIAS, The Wall Street Journal

Sale leaves auto maker with about 9.7% stake in Rivian, whose stock price has been under pressure

Ford Motor Co. said it unloaded more shares of Rivian Automotive Inc., further pressuring the electric-truck maker’s battered stock price.