{"id":1844026,"date":"2023-02-12T07:51:01","date_gmt":"2023-02-12T12:51:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1844026"},"modified":"2023-02-12T07:53:23","modified_gmt":"2023-02-12T12:53:23","slug":"ford-drastically-cuts-stake-in-electric-vehicle-maker-rivian","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ford-drastically-cuts-stake-in-electric-vehicle-maker-rivian\/","title":{"rendered":"Ford Drastically Cuts Stake in Electric Vehicle Maker Rivian"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fford-drastically-cuts-stake-in-electric-vehicle-maker-rivian%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1844026&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div>\n<div class=\"featured_img\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/02\/10\/Rivian-Automotive-1200x800.jpg\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/02\/Rivian-Automotive-700x420-1.jpg\" alt=\"Employees works on an assembly line at startup Rivian Automotive&#039;s electric vehicle factory in Normal, Ill., on April 11, 2022. (Kamil Krzaczynski\/Reuters)\"   style=\"display:none\"><\/a><\/div>\n<p>An assembly line is used by employees at the startup Rivian Automobiles&#8217; electric vehicle factory in Normal (Ill.) on April 11, 2022. (Kamil Krzaczynski\/Reuters)<\/p>\n<\/p><\/div>\n<div>\n<p><a href=\"https:\/\/www.theepochtimes.com\/t-ford\">Ford<\/a> Motor Co. has reduced its <a href=\"https:\/\/www.theepochtimes.com\/t-stake\">stake<\/a> In <a href=\"https:\/\/www.theepochtimes.com\/t-rivian\">Rivian<\/a> Automotive Inc. was reduced to 1.15 Percent as part of a plan for reducing its holdings in electric-vehicle maker.<\/p>\n<p>Ford had stated last week that Rivian would be monetized. \u201cnearly complete.\u201d Ford owned 11.4 percent of Rivian&#8217;s stock at the close of 2021.<\/p>\n<p>Rivian shares fell by 3.4 percent during afternoon trading. The stock had a poor run in 2022, losing about 82\u00a0percent of its value as the company reeled from supply chain disruptions and missed its full-year production target of 25,000 units.<\/p>\n<p>Reuters reported last week that Rivian was planning to lay off 6\u00a0percent of its staff amid falling cash reserves.<\/p>\n<p>Ford\u2019s updated stake in the company was disclosed in a Wednesday filing.<\/p>\n<p>Rivian declined to comment on Ford\u2019s stake sale.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>An assembly line is used by employees at the startup Rivian Automobiles&#8217; electric vehicle factory in Normal (Ill.) on April 11, 2022. (Kamil Krzaczynski\/Reuters) Ford Motor Co. has reduced its stake In Rivian Automotive Inc. was reduced to 1.15 Percent as part of a plan for reducing its holdings in electric-vehicle maker. Ford had stated &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1844029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[3862,17956,5340,8411,10457,17498,3831,5343],"class_list":["post-1844026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-cuts","tag-drastically","tag-electric","tag-ford","tag-maker","tag-rivian","tag-stake","tag-vehicle"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1844026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1844026"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1844026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1844029"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1844026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1844026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1844026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}