US-based Ford Motor Company has sold a majority of electric vehicle startup Rivian shares, according to the US Securities and Exchange Commission (SEC).
The shares of the EV maker have been dropping steadily since May 2022, and are now at 1.15 percent, or 10.5 million shares, reports TechCrunch.
The report also said that the sell comes just a week after Ford disclosed a $7.3 billion write-down on its Rivian investment last year.
