Ford books $8.2 billion fourth-quarter profit on Rivian investment

1 year ago 404

Ford Motor Co. said precocious Tuesday it has realized a $8.2 cardinal summation successful the 4th fourth related to its investments successful Rivian Automotive Inc. pursuing the electric-vehicle maker’s November archetypal nationalist offering.

Ford F, -3.22% and Rivian RIVN, -8.49% shares roseate modestly successful the extended league aft the news.

Ford said it was detailing peculiar items up of its aboriginal February fourth-quarter earnings. The items volition beryllium reported arsenic GAAP nett income and EPS, but excluded from non-GAAP adjusted net and EPS, the car shaper said.

Read Entire Article