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

Ford Motor Co. said late Tuesday it has realized a $8.2 billion gain in the fourth quarter related to its investments in Rivian Automotive Inc. following the electric-vehicle maker’s November initial public offering.

Ford F, -3.22% and Rivian RIVN, -8.49% shares rose modestly in the extended session after the news.

Ford said it was detailing special items ahead of its early February fourth-quarter earnings. The items will be reported as GAAP net income and EPS, but excluded from non-GAAP adjusted earnings and EPS, the car maker said.

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