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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Mullaly awarded option to buy 5 million shares of Ford stock]]></title><link>http://www.autoblog.com/2009/03/17/mullaly-awarded-option-to-buy-5-million-shares-of-ford-stock/</link><guid isPermaLink="true">http://www.autoblog.com/2009/03/17/mullaly-awarded-option-to-buy-5-million-shares-of-ford-stock/</guid><comments>http://www.autoblog.com/2009/03/17/mullaly-awarded-option-to-buy-5-million-shares-of-ford-stock/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.autoblog.com/category/ford/" rel="tag">Ford</a></p><a href="http://www.autonews.com/article/20090316/ANA02/903130299/1178"><img vspace="4" hspace="4" border="0" align="right" src="http://www.blogcdn.com/www.autoblog.com/media/2009/03/mulallyphone_opt.jpg"  class="right border" alt="" /></a>When Ford Motor Company CEO Alan Mulally joined team Ford back in 2006, Blue Oval stocks were trading at $8.36 per share. But a very bad recession and an especially hard hit auto market have torpedoed Ford shares to their lowest levels in decades. With stocks hovering around the Mendoza line, Mulally has the opportunity to make some real coin, as he's been awarded the option to purchase five million shares of common Ford stock. <br /><br />The shares, should Mulally decide to buy, would be offered at $1.96 each. The shares are already valued at $2.19 each, but Mulally wouldn't be able to cash out his stock options like a traditional share. He would be eligible to cash in one third of the stocks after one year, two thirds after two years, and all the stocks after three. If Mulally makes good on his plan to turn the company around, the stock value could skyrocket in the meantime. That would help Mulally make up some of his 30% pay cut in 2009. <br /><br />[Source: <a href="http://www.autonews.com/article/20090316/ANA02/903130299/1178">Automotive News</a>, sub. req'd | Photo by ROBYN BECK/AFP/Getty]<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/03/17/mullaly-awarded-option-to-buy-5-million-shares-of-ford-stock/">Mullaly awarded option to buy 5 million shares of Ford stock</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Tue, 17 Mar 2009 07:59:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.autonews.com/article/20090316/ANA02/903130299/1178>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/03/17/mullaly-awarded-option-to-buy-5-million-shares-of-ford-stock/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/1489632/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/03/17/mullaly-awarded-option-to-buy-5-million-shares-of-ford-stock/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>alan mulally</category><category>AlanMulally</category><category>ford motor company</category><category>ford shares</category><category>ford stock</category><category>FordMotorCompany</category><category>FordShares</category><category>FordStock</category><dc:creator><![CDATA[Chris Shunk]]></dc:creator><pubDate>Tue, 17 Mar 2009 07:59:00 EST</pubDate>
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</item><item><title><![CDATA[Ford sells 20% of its stake in Mazda]]></title><link>http://www.autoblog.com/2008/11/18/ford-sells-20-of-its-stake-in-mazda/</link><guid isPermaLink="true">http://www.autoblog.com/2008/11/18/ford-sells-20-of-its-stake-in-mazda/</guid><comments>http://www.autoblog.com/2008/11/18/ford-sells-20-of-its-stake-in-mazda/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.autoblog.com/category/ford/" rel="tag">Ford</a>, <a href="http://www.autoblog.com/category/mazda/" rel="tag">Mazda</a></p><div style="text-align: left;"><img width="250" vspace="4" hspace="4" height="124" border="0" align="right" alt="" src="http://www.blogcdn.com/www.autoblog.com/media/2008/11/fordmazda.jpg" />Well, we have to say <a href="http:// http://www.autoblog.com/2008/10/12/ford-may-be-considering-sale-of-mazda-stake/">we saw this coming</a>. Ford has officially sold off approximately 20% of its stake in Mazda. The sale reduces Ford's share from a controlling 33.4% interest to just over 13% and puts about $540 million into the Dearborn coffers, based on a sale price figured at Mazda's closing value Tuesday. The cash infusion will certainly help Ford's bottom line in these rough economic times, and the fact that the shares are being sold back to Mazda (7 percent) and to about 20 of its strategic partners means that Ford's remaining stake will still give it significant leverage in their partnership. Even with just 13%, Ford will remain Mazda's largest shareholder and will keep its seat on the Mazda Board of Directors. The two companies say that this will not effect Mazda's operations and that Ford and Mazda will continue their nearly 30-year history of cooperation. According to the official statement, which can be found in its entirety after the jump, Ford and Mazda will continue their ongoing joint ventures and will continue to share platforms and powertrains.<br /></div>
<br />[Source: Ford]<p><a href="http://www.autoblog.com/2008/11/18/ford-sells-20-of-its-stake-in-mazda/" rel="bookmark">Continue reading <em>Ford sells 20% of its stake in Mazda</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2008/11/18/ford-sells-20-of-its-stake-in-mazda/">Ford sells 20% of its stake in Mazda</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Tue, 18 Nov 2008 10:28:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2008/11/18/ford-sells-20-of-its-stake-in-mazda/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/1375521/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2008/11/18/ford-sells-20-of-its-stake-in-mazda/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>ford mazda</category><category>ford mazda sale</category><category>ford shares</category><category>FordMazda</category><category>FordMazdaSale</category><category>FordShares</category><category>mazda ford</category><category>mazda ford sale</category><category>mazda shares</category><category>MazdaFord</category><category>MazdaFordSale</category><category>MazdaShares</category><dc:creator><![CDATA[Frank Filipponio]]></dc:creator><pubDate>Tue, 18 Nov 2008 10:28:00 EST</pubDate>
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</item><item><title><![CDATA[Kerkorian sells off another load of Ford shares]]></title><link>http://www.autoblog.com/2008/10/29/kerkorian-sells-off-another-load-of-ford-shares/</link><guid isPermaLink="true">http://www.autoblog.com/2008/10/29/kerkorian-sells-off-another-load-of-ford-shares/</guid><comments>http://www.autoblog.com/2008/10/29/kerkorian-sells-off-another-load-of-ford-shares/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.autoblog.com/category/ford/" rel="tag">Ford</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><a href="http://www.bloomberg.com/apps/news?pid=20601103&amp;sid=a4vlgwgQDPSg&amp;refer=us"><img vspace="4" hspace="4" border="1" align="right" alt="" src="http://www.blogcdn.com/www.autoblog.com/media/2008/10/ker_mfsg.jpg" /></a>Just four months ago, Kirk Kerkorian had a cup out and was asking passers-by for some spare Ford shares. Although <a href="http://www.autoblog.com/2008/06/10/kerkorian-asks-for-20mil-ford-shares-gets-offered-a-billion/">he only wanted 20 million</a> 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.<br /><br />A week ago <a href="http://www.autoblog.com/2008/10/21/kerkorian-begins-unloading-ford-stock/">Tracinda shed 7.3 million shares</a>, and now it has unloaded another 26.4 million at an average price of $2.01 per share. That's about $6 less than he paid for them. Kerkorian used a $600 million line of credit from Bank of America to finance the original billion dollar investment in Ford, using shares in his MGM casino for collateral. In addition to the loss on the Ford investment, MGM's stock price hasn't held up either, and that means he's had to commit more of the casino to B of A. Kerkorian's latest divestment takes him under 5% ownership of The Blue Oval, which means he doesn't have to divulge any more share sales, but we have a feeling it won't be the last.<br /><br />[Source: <a href="http://www.bloomberg.com/apps/news?pid=20601103&amp;sid=a4vlgwgQDPSg&amp;refer=us">Bloomberg</a>]<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2008/10/29/kerkorian-sells-off-another-load-of-ford-shares/">Kerkorian sells off another load of Ford shares</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Wed, 29 Oct 2008 10:01:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.bloomberg.com/apps/news?pid=20601103&amp;sid=a4vlgwgQDPSg&amp;refer=us>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2008/10/29/kerkorian-sells-off-another-load-of-ford-shares/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/1355274/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2008/10/29/kerkorian-sells-off-another-load-of-ford-shares/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>earnings</category><category>financials</category><category>ford share sale</category><category>ford shares</category><category>ford stock</category><category>FordShares</category><category>FordShareSale</category><category>FordStock</category><category>kerkorian</category><category>kirk kerkorian</category><category>KirkKerkorian</category><category>stock market</category><category>StockMarket</category><category>tracinda</category><category>tracinda corp.</category><category>TracindaCorp.</category><dc:creator><![CDATA[Jonathon Ramsey]]></dc:creator><pubDate>Wed, 29 Oct 2008 10:01:00 EST</pubDate>
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