Kerkorian


Kerkorian sells off another load of Ford shares

Just four months ago, Kirk Kerkorian had a cup out and was asking passers-by for some spare Ford shares. Although he only wanted 20 million of them, he was offered one billion. Turns out those folks trying to get out of the Ford ownership business might have been a bit more prescient than the Tracinda billionaire. After a couple more weeks of watching Ford's share price begin digging toward the center of the earth, Kerkorian seems to want out of Ford himself. A week ago Tracinda shed 7.3 million shares, and now it has unloaded another 26.4 ... Read more →

Tracinda meets with Bill and Al, talks turnaround Dan Roth

Despite the rumors of contentiousness surrounding Kirk Kerkorian's Tracinda Corporation and its agitation in Dearborn, Ford reports that a recent talk between Executive Chairman Bill Ford Jr., CEO ...

Kerkorian asks for 20mil Ford shares, gets offered a billion John Neff

In late April, billionaire investor Kirk Kerkorian made public his intention to have Tracindo Corp., his investment company, buy up an additional 20 million shares of Ford stock to up his ownership of ...

CAW rejects, Kerkorian cozies up to UAW workers' bid for Chrysler John Neff

We just reported that a group of Chrysler employees in Toledo are crafting a proposal that would have the automaker's 50,000 UAW workers buy a controlling stake in the automaker. The proposed worker ...

Chrysler's savior? Kerkorian stresses his desire to partner with the UAW Jonathon Ramsey

As 4,312 hourly Chrysler workers in Canada and the US accepted early retirement and buyout plans, Kirk Kerkorian released a statement again asserting his desire for a "true partnership" with the UAW ...

Kerkorian will offer up to $4.6 billion for Chrysler 2 years ago on Autoblog

Tracinda, billionaire investor Kirk Kerkorian's company, sent two letters today, one to DaimlerChrysler's CEO Dieter Zetsche and the other to the Supervisory Board, detailing an offer of $4.5 billion in cash to buy the Chrysler Group. Kerkorian, who has been major Chrysler shareholder for more than ...

BREAKING: Kirkorian sells all GM stock 2 years ago on Autoblog

Gajillionaire Kirk Kerkorian and his investment firm Tracinda Corp. washed their hands of General Motors yeseterday after selling off all of their remaining shares in the company. Their 19-month relationship with the automaker is marked by Kerkorian's failed attempt to get General Motors to form an ...

Board battle looming at GM? 3 years ago on Autoblog

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 themselves for a lengthy and bitter fight for control of the company's board of directors, led by ...

BREAKING: York quits GM board, Kerkorian won't buy more GM stock 3 years ago on Autoblog

"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 alliance talks with Renault/Nissan, billionaire investor Kirk Kerkorian has announced that he won't buy ...

What went wrong? Analysis of GM/Renault-Nissan talks 3 years ago on Autoblog

UPDATE: They Speak! Official release addressing dissolution of talks after jump. We're now awaiting official word from Renault (it came, see after jump) concerning the break off of talks between the automaker, its alliance partner Nissan, and General Motors. While we're waiting, we thought you'd be ...

Wagoner says we don't need a partner 3 years ago on Autoblog

Rick said it; General Motors does not need a partner to complete its recovery. According to an interview with Wagoner by Automotive News, the CEO of GM thinks 'It's not logical or responsible to say we must have a partner to recover.' GM is currently studying whether it will allow billionaire ...

BREAKING NEWS: Kerkorian may buy up more of GM 3 years ago on Autoblog

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 deal because it would send his company, Tracinda Corporation, well over 10 percent ownership of GM ...

Nissan/Renault knows what it wants from GM 3 years ago on Autoblog

According to the Japanese business daily Nhon Keizai, Nissan and Renault have already decided what areas of cooperation they would seek from General Motors if a proposed alliance between the three companies became a reality. Those three areas are parts procurement, environmental and safety ...

Breaking: Renault board approves discussions of GM-Nissan deal 3 years ago on Autoblog

With Nissan's board of directors already on record as supporting discussions of the possible three-way deal between General Motors, Nissan and Renault, the French automaker's board met Monday to discuss the Ghosn and Kerkorian proposal. The company issued a terse press release after the board ...

Kerkorian: Merge GM with Nissan/Renault? 3 years ago on Autoblog

Kirk Kerkorian may have found a way to get Carlos Ghosn to work for General Motors -- merge Nissan/Renault with GM. The billionaire investor and head of Tracinda Corp., a GM shareholder to the tune of 9.9 percent, sent GM chief Rick Wagoner a letter proposing "that General Motors' Board of ...

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 ...






Autoblog Podcast #152: Paukert Enhanced!

Chris Paukert joins the usual crew of Chris, Sam, and Dan, summarily classing up the joint.

 
 

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