Ford Unloads Further 7 Million Shares of Electric-Vehicle Startup Rivian

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

Ford sold 7 million Rivian shares at a price of $ 26.88, the company said in a regulatory filing late Friday. That followed an 8-million-share sale earlier in the week at about the same price.

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