Ford Motor Co. sold eight million shares of electric-car maker Rivian Automotive Inc. for $214 million, or $26.80 apiece, the U.S. automaker said in a filing on Tuesday.
Ford now holds nearly 94 million shares, or a 10.5 percent stake, and is still the fourth-largest shareholder in the Irvine, California-based company, according to Refinitiv data.
