$Ford Motor (F.US)$ Cost to retire debt: $14B Value of F’s ...
$Ford Motor(F.US$ Cost to retire debt: $14B
Seems straightforward enough, especially since the divorce was expected.
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Micah Hicklin : It's been a while, but I think Ford was planning to utilize RIVN's platform for some of its vehicles. If that's still the case, I would think Ford would want to hold an equity stake to keep a solid partnership in place, although maybe not the whole stake.
ZenBunny5 Micah Hicklin: For those not aware, Ford has confirmed they are walking away from the RIVN platform. From the Nov. 19 news, "Both their EV development and ours have advanced to a significant degree" since the original deal was formed, giving each company more confidence to move ahead independently, the Ford rep tells the Wall Street Journal."
Myrrh ZenBunny5: thanks for sharing, just saw that too
Regret oneself : Yes, but I wouldn't call this a divorce. Ford now owns a big piece of a new brand with its own ideas and identity. A good strategy.
lululalabb Regret oneself: Have read that Ford is supplying Rivian with parts.