Jerry York


Kerkorian's boy says Ford should offload Mercury, Volvo

Every villain needs a sidekick, and if there were ever a villain character in the soap opera that is the North American auto industry, it's 91-year-old billionaire Kirk Kerkorian who recently revealed that his private holding company, Tracinda Corp., was buying up Ford stock like he knew something the rest of us didn't. Kerkorian's sidekick in this saga is Jerry York, an ex-auto exec who the billionaire placed on GM's board of directors back when he was pushing for an alliance between the biggest of the Big 3 and Nissan/Renault. York has ... Read more →

Kerkorian cuts stake in General Motors John Neff

Billionaire investor Kirk Kerkorian announced today that his investment firm Tracinda Corp. had cut its stake in General Motors from 9.9 by selling $462 million worth of the automaker's stock. That ...

Board battle looming at GM? Stuart Waterman

Rick Wagoner may have won the Renault-Nissan battle, but the boardroom wars are far from over for General Motors' beleagured chief executive. Wall Street analysts are telling investors to brace ...

BREAKING: York quits GM board, Kerkorian won't buy more GM stock John Neff

"Screw you guys, I'm going home." A phrase made famous by Cartman from South Park but one that we find so apt for news coming out of General Motors this afternoon. Royally irked over the ending of ...

BREAKING NEWS: Kerkorian may buy up more of GM Erin Mays

Kirk Kerkorian may buy up to 12 million additional shares of GM stock, according to Automotive News. The billionaire investor would need approval from the Securities and Exchange Commission for the ...

Iacocca to pen new book, address auto industry 3 years ago on Autoblog

Retired Chrysler chairman (and Snoop Dogg homey) Lee Iacocca will be releasing a book in approximately one year, tentatively titled "Where Have All the Leaders Gone?". It's said to cover several topics, among them the state of the American auto industry and the threat that the US manufacturing ...

GM says it won't be dropping brands anytime soon 3 years ago on Autoblog

Saab and HUMMER won't be hitting the Orphan Car Show anytime soon, says Rick Wagoner. General Motors' top guy told shareholders yesterday that the company won't be taking the advice of new board member Jerry York, billionaire investor/GM stakeholder Kirk Kerkorian's right-hand man. York made ...

Bank feels GM situation getting worse, not better 3 years ago on Autoblog

Banc of America official Ronald Talross feels that General Motors' financial picture is actually worsening, based on a meeting last week with GM CFO Fritz Henderson. While Talross claims to have been impressed with Henderson's straightforward approach, it is said that there were "no ...

GM defends HUMMER, Saab brands 3 years ago on Autoblog

In its report on first-quarter worldwide sales, General Motors made a point of highlighting the success of HUMMER and Saab as part of its 4.4 percent growth overall. The two brands have attracted criticism in recent months, notably from board member Jerry York who suggested in January that ...

Jerry York: Saab, Hummer good for GM after all 3 years ago on Autoblog

Tracinda's Jerry York appears to have changed his tune about what General Motors needs to do in order to get back on track, according to Bob Lutz. Kirk Kerkorian's right-hand man made headlines in January, calling for GM to axe Saab and possibly HUMMER to focus on the automaker's core brands... ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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