19
Jan
10:56
Ford to book $8.2 billion Q4 gain on Rivian investment
Ford expects its investment in EV start-up Rivian to yield a gain of $8.2 billion in Q4 2021, following Rivian’s initial public offering (IPO) on 10 November, 2021, Kallanish reports.
The preliminary estimate was revealed by Ford on 18 January ahead of its Q4 financial results release on 3 February. The gain reflects Ford’s $500 million investment in Rivian in 2019, which now corresponds to a share of roughly 12%.
Ford will also reclassify its $900m…
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Anonymous
Very good overview of the weekly steel market.
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