Ford CEO Says Automaker Is Exploring Its Options With Valuable Rivian Stake
Ford chief executive Jim Farley has indicated that the automaker isn’t yet sure what it will do with its stake in Rivian, which is currently valued at around $8 billion.
The automaker famously invested $1.2 billion in Rivian before the electric startup went public and that investment has increased sevenfold. That’s a sizable amount of money that Ford could use with its transition towards electrification and during an interview with Bloomberg TV, Farley said that while it doesn’t currently have plans to sell its Rivian stake, it has options.
“We’ll look at everything,” he said. “Everything is on the table. Our lock-up period ends in May.”