Ford's $7.4 Billion Debacle With Rivian Isn't as Bad as You Might Think
There's no doubt that Ford Motor Company's (NYSE: F) fourth quarter was disappointing, especially considering cross-town rival General Motors (NYSE: GM) raised the bar with a better-than-expected result.
And if investors merely scratched the surface of the report, you might think that Ford's special impairment of $7.4 billion on its Rivian (NASDAQ: RIVN) investment tanked the results. That's not the full story, however. In fact, investors also received a nice gift thanks to the monetization of Ford's Rivian shares.
Let's explain why the partnership between Rivian and Ford broke down, why the $7.4 billion impairment isn't as bad as you might think, and how it helped spur a supplemental dividend of $0.65 per share.
Source Fool.com
